Bridgement

The company was started by CEO Daniel Goldberg towards the end of 2016 and launched in 2018. He designed the business and then found the developers and funders to lend their expertise to further develop the platform of this fintech.

About the CEO of Bridgement

He has two degrees from WITS and is a qualified biomedical and electrical engineer. Having spent some time working as an associate consultant with Bain and company, he now leverages that knowledge of banking at Bridgement. The key difference is a unique approach to business lending.

Today Bridgement is a collective of diverse individuals, engineers, and data scientists united by a common goal: using data science and technology to change the way we approach business finance and to reduce costs and complications.

Making business funding simple.

You can increase your cash flow in less than a day. Get access to funds from between R20,000 and R5 million.

Bridgement's values

• No small print. Their prices and solutions are clear and simple.
• Growing your business is a matter of urgency for them.
• Responsible lending.
• The personal touch. They look forward to partnering with you.
• Raising the bar. With unwavering support and cutting-edge innovation, you experience the best.

So you want to expand your business?

They’ll design a business loan, especially for you:

• An easy term loan for a one-time business expense.
• Get the finance within a day - the fastest approval they’ve had was 90 minutes!
• They’ll reward you if you settle the loan early.
• They’ll only charge a weekly rate, and don’t have any hidden costs.
• Get a loan of up to R5 million.
• It takes 2 minutes to apply, and you can get the money within hours.
• You’re always in charge because the real cost of the loan is set out simply for you.
• You can save on interest charges with a discount for settling early and you’re not locked in.
• You can capitalise on opportunities to grow your business, purchase new equipment or stock, or fund that exciting new project.

Line of credit

Do you want to increase your cash flow?

• You can have access to a revolving line of credit that’s flexible and can cover ongoing expenses.
• You only pay for what you use.
• You can withdraw funds and pay them back when you need to.
• You’ll be rewarded if you settle early.
• You can have ongoing access to capital for the business.
• Get access to a credit line of up to R5 million.
• Don’t waste your time applying at traditional lenders, which can take months.
• You’ll always know the real cost of the loan because their pricing is clear and transparent.
• Save on your business expenses with discounts for early settlement.
• Improve your capital to cover any ongoing business needs.

How to use the Bridgement credit line

• After you’re approved, you can choose any amount under the limit they’ve given you.
  View the fee and repayment schedule and accept them.
• They’ll send you the funds immediately.
• Pay them back as it suits you- you can choose to repay over 1 month to a year.
• If you settle early, they'll give you a discount.

How are Bridgement business loans different?

• It's easy, quick, flexible, and online.
• It's a paperless process.
• There's no obligation.
• It's a free application.
• Instead of managing your cash flow, you can spend your time actually growing your business.
• It's the easiest to cover your ongoing working capital expenses.

Invoice finance

Do you have customers who are slow paying? Your unpaid invoices can be converted to funds to manage your cash flow.

Bridgement's invoice financing, or debtor factoring, allows them to advance money against the value of your amounts due from your invoiced customers.

Unpaid invoices can become cash in your account.

• Choose as many invoices as you need to fund.
• There'll be no disclosure to your customer.
• You can access the full amount of the value of the invoice.
• Bridgement's revolving facility can give you access to advances of up to R5 million on receivable invoices.
• Use this unique service to improve your cash flow and speed up the growth of your business.
• Keep your client relationships cordial, as they won't know about the invoices being financed.
• Save on your cost of finance and settle when you want to.
• Be more competitive - you'll be able to take advantage of opportunities to expand because you can accept larger contracts that have longer terms.

How to use this invoice finance

1.Choose the invoice

• Decide which invoices will be available for an advance on the Bridgement dashboard.
• Choose one or several and click on the 'Get Paid' button.

2. Get the money

• You must examine the repayment schedule and accept the terms on a Bridgement advance.
• They'll send you the money immediately.

3. Repay them at the time of your choice

• You can repay the advance over 1 month to a year. If you settle early at any time, they'll reward you with a discount.