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Idan Jaan (Fundrr): Bridging South Africa's SME Funding Gap
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In this episode, we’re excited to sit down with Idan Jaan, Co-Founder and former CEO of Fundrr, the fintech platform using smart scoring to provide quick and easy business funding to SMEs around South Africa.
In September 2017 - having experienced the funding struggle firsthand - co-founders and best friends, Idan Jaan and Jarred Noche, had the idea to build a platform to solve this important need for other small-medium businesses.
After bootstrapping the business for 18 months, getting investment rejections from over 70 angels, and facing an existential crisis during the Covid 19 lockdown, the founders' resilience and resourcefulness eventually saw Fundrr get acquired by the country's largest SME lender, Retail Capital (now owned by TymeBank).
We talk about:
• Idan's upbringing, early career and starting a family business.
• Building a startup despite lacking the industry experience.
• Persevering through investor rejection.
• Fighting through an existential business crisis.
• The ins and outs of being acquired in South Africa.
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Connect with Idan on Linkedin: https://www.linkedin.com/in/idan-jaan/
Connect with Mathew on Linkedin: https://www.linkedin.com/in/mathewmarsden/
This episode was brought to you in partnership with our friends at Aions Creative Technology - South Africa's next-generation venture builder. For more info, visit aions.co.za
The Startup Club Podcast dives into the stories of South Africa's leading tech startup founders and investors, their journeys of innovation, failure, resilience, and triumph and is an initiative of Startup Club ZA - the country’s fastest-growing tech startup and investor community.
If you're passionate about entrepreneurship, innovation, solving hard problems, backing the change-makers and co-creating a better country, then you're invited to join us! 🇿🇦
Connect with us:
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Chapters
1. Idan Jaan (Fundrr): Bridging South Africa's SME Funding Gap (00:00:00)
2. A word from today's episode partners, Aions Creative Technology. (00:36:24)
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