JOHANNESBURG, SOUTH AFRICA
Setana capital is a technology platform that provides stock credit to informal SMEs that are unbanked and in need of financial support to grow their revenues. As a means of credit scoring, they use machine learning applied to alternative metadata. To finance them, Setana provides stock credit to these informal SMEs through a network of product suppliers who distribute to them. Setana counts some of the biggest FMCG manufacturers and informal market business associations on the continent as partners and collaborators.
CO-FOUNDER & CEO
Khanya Ndzululeka is the co-founder and CEO of Setana Capital: a start-up focused on supporting businesses in the informal sector with working capital finance. She is a qualified CA(SA) and Mcom in Development Finance graduate with years of experience as a Technical Advisor. Khanya focused on providing deal support by structuring new products rolled out within the financial services industry. Her dream is to see entrepreneurs in the informal sector move from a place of survival to thriving: creating job opportunities for their communities.
CO-FOUNDER & CHIEF PARTNERSHIPS OFFICER
Prince Nwadeyi is the co-founder and Chief Partnerships Officer at Setana Capital. He is an entrepreneur with a background in Economics and Consumer insights. He is deeply passionate about redeeming the financial services sector and using finances as a vehicle to deliver inclusivity and access to SME’s in the informal sector that are either unbanked or financially excluded. This passion has led him on a journey of inquisitorial discovery and reflection across various informal ecosystems on the continent, from Tembisa in South Africa to the streets of Kibera in Nairobi. He believes that access to innovative enabling finance can make a world of difference in amplifying the fortunes of informal SME’s, and so Africa’s continental economy.