+27 10 476 0085 | 1st Floor, 35 Ferguson Rd Cnr Mellville and Ferguson Road Illovo Sandton, 2196
Oricred is a purchase order funding partner.
We assist small and medium-sized firms (SMEs) in need of capital for supply and delivery purchase orders and contracts up to R80 million.
Our Philosophy
OUR SERVICES
Advisory
Our expertise in the markets in which we operate combined with our industry and product knowledge...
Enterprise Development
We have a deep commitment to Enterprise Development (ED), and this is aligned to our core vision of empowering SME’s
Purchase Order/Contract Funding
We provide innovative funding solutions to SME’s that have valid contracts or purchase orders...
Working Capital Solutions
We provide funding solutions to SME’s in need of funding to complete a project...
BACKGROUND
Cash flow is one of the biggest constraints which small and medium-sized businesses (SMEs) confront in the pursuit of growth. This is particularly true for those serving the public sector.
While the public and private sector has empowerment and legislated economic development goals, the small businesses which receive contracts often cannot fulfil them as they do not have the working capital nor access to funding that will provide it.
Oricred fulfils this need for working capital by providing access to funding through invoice discounting and purchase order financing. Oricred, secures the capital to fund up to 100% of the invoice value or purchase order value, giving the SME the immediate working capital they require before their public or private sector client settles payment.