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Edge Growth’s Ignite Fund has provided R3.5 million (about $210,000) in growth debt financing to uNotho Holdings, a waste management and logistics company serving South Africa’s mining sector. The company had already secured a commercial opportunity with Seriti Power, and the funding now allows it to deliver against that opportunity.
The Ignite Fund, one of the newest additions to the Edge Growth fund management portfolio, is a multi-investor small business financing initiative supported by companies including South African mining and energy company Seriti Holdings. Established in 2023, the fund is designed to provide early-stage capital and developmental support to small and medium-sized enterprises (SMEs) that fall outside traditional funding brackets.
Khanye Nene, deal maker at Edge Growth, said: “This transaction was unique as it required co-funding with other lenders, given the mandate limit of R3.5 million. The process presented several challenges and valuable learning opportunities, making the successful disbursement all the more rewarding.”
Founded in 2018, uNotho delivers integrated waste management solutions, bulk hauling, commodity transportation services and machinery rental to the construction, mining and industrial sectors. The company is headquartered in Mpumalanga, with branches in the North West and Gauteng provinces.
“The funding provided meaningful support in enabling us to execute the supply and delivery of two waste trucks for Seriti Power, and we appreciate the role Edge Growth played in making the transaction possible,” added Makhosi Khoza, founder and managing director of uNotho Holdings.
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