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All posts by Trevor Gosling

Trevor Gosling
Trevor is the CEO and co-founder of Lulalend, as well as a Chartered Accountant with a strong entrepreneurial flair. His last e-commerce venture, 5ounces, was acquired by the Naspers group in 2013. He continued to work as the CEO after the acquisition. He has worked in finance for 7 years: as an investment banker internationally with Goldman Sachs and in structured finance for 3 of those years with Rand Merchant Bank
  • New approach needed for SME finance that looks at data not outdated processes

    Small business growth is being hindered by a lack of access to finance as entrepreneurs struggle with antiquated bank assessments that rely too heavily on outdated manual processes and criteria. In the 2016 National Small Business Survey business owners revealed that lack of funding or insufficient cash flow was the number one obstacle holding back their growth. Of those surveyed, 25% had applied for some form of finance in the past 12 months, typically for growth, working capital, or equipment finance. Is this perhaps why in a recent study only one percent of SMEs that started with fewer than five employees were found to have...

  • Lulalend CEO on fairer finance opportunities for small businesses

    As we’ve mentioned before, SMEs are the lifeblood of the South African economy – providing for over 60% of employment across the country. But it’s not easy being a small business and trying to grow when there are constant hurdles that you have to navigate around. According to a recent report commissioned by The Small Enterprise Development Agency (Seda) one of the many challenges, and probably the biggest of all, is access to finances and credit. The struggle has always been that traditional lenders are risk averse and the reality is that small businesses are a high risk. Because of their...