UsPlus, a South Africa-based financial services firm specialising in working capital solutions for small to medium-sized enterprises (SMEs), has secured a $2m mezzanine investment from Verdant Capital Hybrid Fund.
The investment, structured as junior convertible debentures, marks the fund’s fifth investment and aims to enhance UsPlus’ invoice factoring services across key industries in South Africa.
Founded in 2015, UsPlus provides essential working capital to SMEs that have historically struggled to secure financing through traditional means. The company focuses on supporting critical sectors, including manufacturing, logistics, agriculture, renewable energy, and local service providers. A key emphasis is placed on funding businesses led by women and those with sustainability-driven operations.
With the new capital, UsPlus plans to strengthen its balance sheet, expand its invoice factoring services, and attract additional senior debt funding to scale its financial support for SMEs.
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