Rating based on 8 reviews

iKhokha

Updated
  • Payout within 24 hours
  • Fixed flat fee
  • Easy to use iKhokha App
iKhokha homepage
Author iKhokha. Screenshot of iKhokha website.
[Accessed July 25, 2023]

About iKhokha

iKhokha is an innovative financial technology company that has transformed the process of accessing funding for businesses.

Through its unique product offerings and unwavering dedication to customer success, iKhokha has become a trusted ally for entrepreneurs aiming to thrive and expand.

Founded in 2012 by Ramsay Daly, iKhokha emerged with a vision to empower small and medium-sized enterprises with efficient financial solutions. Recognising the obstacles faced by entrepreneurs in obtaining timely funding, which often hindered their growth prospects, iKhokha embarked on a journey to develop a range of products that would provide swift and convenient access to capital, customised to each business's unique requirements.

iKhokha's journey from modest startup to financial technology leader

Since its inception, iKhokha has experienced remarkable progress and expansion. What began as a modest startup has blossomed into a prominent leader in the financial technology sector. By forging strategic partnerships and fostering continuous innovation, iKhokha has broadened its reach, catering to a diverse customer base spanning various industries. This rapid expansion serves as a testament to the company's unwavering commitment to delivering exceptional value and superior customer experiences.

iKhokha offers a comprehensive suite of financial tools and services in addition to the iKhokha cash advance. These encompass payment processing solutions, point-of-sale systems, and business management software. The user-friendly iKhokha App provides a platform for seamless transaction management, sales tracking, and accessing valuable insights to facilitate well-informed business decisions. With a focus on simplicity, efficiency, and affordability, iKhokha's services empower businesses to streamline their operations and maximize their growth potential.

Customer-centric approach: iKhokha's commitment to entrepreneurial success

What sets iKhokha apart in the industry is its steadfast dedication to customer success. The company's dedicated support team provides personalized assistance, ensuring that entrepreneurs receive the guidance and resources necessary to thrive. Whether a business requires a capital infusion, seeks to address a cash shortfall, or aims to invest in expansion, iKhokha offers a range of financial solutions tailored to meet these needs.

As iKhokha continues to expand its services and presence, it remains firmly committed to its core mission of empowering businesses. By leveraging technology, innovation, and a profound understanding of customer needs, iKhokha is reshaping the financial landscape and enabling entrepreneurs to unlock their full potential. With its array of tailored funding solutions, streamlined processes, and unwavering focus on customer satisfaction, iKhokha truly redefines the way businesses access and leverage capital for sustainable growth.

iKhokha Services

If you're a business owner seeking convenient and rapid funding, iKhokha's Business cash advance is available to facilitate your business expansion. Within a mere three months of trading, you can access the necessary funds to propel your business to new heights.

Tailored funding offers based on your transaction history in just three months of trading

To commence the process, simply check the iKhokha App after completing three months of trading to review your personalised business cash advance offer. This offer is tailored to your business's transaction history, providing you with a funding solution that perfectly aligns with your requirements.

The iKhokha cash advance aims to empower entrepreneurs by offering short-term assistance that ensures long-term success. Upon accepting the offer through the app, you can expect the funds to be deposited into your bank account within 24 hours, enabling you to take immediate action towards your business objectives.

Repaying the cash advance is a hassle-free experience. As an iKhokha merchant, you can conveniently repay the advance using your iKhokha card machine. The repayment amount is calculated as a percentage of your future card sales, accompanied by a flat fee. What makes this repayment structure advantageous is the absence of compound interest, meaning the total amount payable remains fixed regardless of the repayment duration.

With iKhokha's cash advance, you have the flexibility to concentrate on expanding your business without the burden of monthly loan payments. Every transaction processed through iKhokha contributes to repaying your advance, ensuring a seamless payment process that aligns with your business's cash flow.

Furthermore, the more transactions you conduct through iKhokha, the faster you can repay your advance and gain access to larger funding amounts. This unique feature rewards the growth of your business and provides ongoing support as you expand your operations.

Accelerate your business growth with iKhokha's cash advance: A tailored funding solution

Fast approval, transparent fees, and future sales-based repayment for business success

Whether you require a capital injection, wish to cover a shortfall, invest in new equipment, or simply foster business growth, iKhokha's cash advance is an ideal funding solution. It offers prompt availability, and a fixed payment fee, and does not incur compound interest, making it a financing option specifically designed to help your business thrive.

iKhokha's business cash advance encompasses various benefits, including a swift approval process, repayment based on future card sales, and a structured flat fee system. The user-friendly iKhokha App serves as a platform to manage your advance while providing additional tools to support the growth of your business.

iKhokha – Business Loan

  • Loan Type Business Loans

Benefits of iKhokha

  • Receive funds within 24 hours of approval.
  • Personalised cash advance offers based on your transaction history.
  • Repay through a percentage of future card sales.
  • Clarity and predictability in repayment costs.
  • No additional interest charges, reducing overall expenses.
  • Use funds to improve cash flow, cover shortfalls, invest in equipment, and expand your business.

Business Loan calculator

R
The interest rate of a loan will vary based on your credit score and risk profile.
This business loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

Application for iKhokha cash advance

If you require fast and convenient funding for your business, iKhokha Cash Advance can provide the necessary capital. Here's how you can apply:

  • Obtain and use an iKhokha card machine for a minimum of three months.
  • Access the iK Cash Advance section on the iKhokha app after completing the trading period. Find a personalised business cash advance offer based on your transaction history.
  • Choose your desired loan amount and payment period from the offer presented in the app.
  • Accept the cash advance offer through the iKhokha app. Approval is required.
  • The funds will be transferred to your bank account within 24 hours* once you accept the offer.

Repayment details:

  • Repayments are based on a percentage of future card sales.
  • A fixed flat fee is charged, and compound interest is not applicable.

Advantages of iKhokha cash advance:

  • Fast availability: Access the cash advance within 24 hours* after approval.
  • Convenient repayment: Repay the loan through a percentage of future card sales.
  • Fixed flat fee: Clarity and predictability in repayment with a set fee.
  • No compound interest: No additional interest charges, reducing overall costs.
  • Cash flow boost: Improve cash flow, cover shortfalls, invest in equipment, and expand your business.

To begin and access an iKhokha cash advance, become an iKhokha merchant, start trading, and enjoy instant working capital for your business.

man holding thumbs up

iKhokha is a trusted & reliable provider of business loans

In our review, iKhokha adheres to the compliance criteria in accordance with the National Credit Act, where the granting the loan will not cause financial distress to the consumer.

✅ iKhokha is a registered credit provider in South Africa: NCRCP16529

iKhokha Contact

Physical Address

  • 3rd Floor Ridgeview Building, 1 Nokwe Ave, Umhlanga Ridge Durban KwaZulu-Natal 4319 South Africa
  • Get Directions

Postal Address

  • PO Box 1967, KWA-ZULU NATAL, 4320, South Africa

Opening Hours

  • Monday 08:00 – 18:00
  • Tuesday 08:00 – 18:00
  • Wednesday 08:00 – 18:00
  • Thursday 08:00 – 18:00
  • Friday 08:00 – 18:00
  • Saturday 08:00 – 17:00
  • Sunday 08:00 – 17:00