Vumela Fund

Vumela Fund is an enterprise development fund investing in high-growth small, medium, and micro-sized enterprises, targeting both economic returns and social impact. Beyond capital, Vumela provides non-financial growth support via its 10X-e accelerator program and facilitates market access through supplier development relationships with major South African corporates.

Established in 2009 by FNB Business Banking and Edge Growth, Vumela was conceived as an innovative, independent investment model. The founders sought a sustainable vehicle supporting high-growth SMMEs, aiming to combat poverty and stimulate job creation within the South African economy. This initiative was pioneering for the region.

Vumela primarily serves high-growth SMMEs in South Africa, leveraging its blend of investment and developmental assistance. Its long-term vision focuses on continuously developing entrepreneurial companies to alleviate poverty and generate employment, providing returns to its beneficiaries, the Shalamuka Foundation and the FirstRand Group.