Sharenet Sites 
Sharenet Sites
Voluntary Announcement: USD10 million Debt Capital Raise for UsPlus
Us Plus Limited
(Incorporated with limited liability in South Africa under registration number 2014/048709/06)
Alpha Code: USPI
(“UsPlus” or “the Company”)
Voluntary Announcement: USD10 million Debt Capital Raise for UsPlus
UsPlus, a fast growing South African based specialist SME financing firm, has on the back of the further
successful debt raise through its ZAR1,000,000,000 Domestic Medium Term Note Programme as announced
on SENS on 12 May 2022, successfully raised USD10 million (approx. ZAR162 million) in debt funding from a
leading US Impact Investor, Lendable Asset Management LLC. This recent facility will take UsPlus’ book of
total receivables to USD17 million (approx. ZAR 270 million), and broadens the range of blue chip institutional
Funders.
UsPlus was founded in 2015 in Johannesburg, South Africa, with the mission of providing flexible working
capital solutions to the SME sector thereby contributing to the country’s development agenda. The Company
specialises in providing tailor-made working capital finance solutions principally through the purchase of
transferable instruments (i.e., invoices, purchase orders and contracts) issued by or to its SME clients. This
enables its SME clients to easily and cost effectively manage their working capital.
The success of the Company has been primarily driven by a highly experienced management team and an
efficient, cloud-based IT system which enhances both its client service and risk management. Furthermore,
UsPlus also provides no-cost “strategic support” to its SME clients in addition to better accessing working
capital, i.e., financial modelling, pricing strategies, cross-referrals within its network, etc.
UsPlus focuses on social, economic and environmental impact and invests in businesses that contribute to
employment in South Africa and/or the upliftment of black-owned and rurally-located SMEs.
As of 28 February 2022, the Company had total assets and total receivables of ZAR162 million (approx. USD10
million) and ZAR107 million (approx. USD7 million), respectively.
This successful transaction was arranged by Verdant Capital and further solidifies its position as a leading
advisor and manager for Inclusive Financial Institutions in Africa.
Johannesburg
13 May 2022
Debt Sponsor
Merchantec Capital
Date: 13-05-2022 03:40:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
