QuickFund Online — Company Overview
QuickFund Online (Pty) Ltd is a private company registered in the Republic of South Africa under the Companies Act, 2008 (No. 71 of 2008). The Company is incorporated as a proprietary limited company with the Companies and Intellectual Property Commission (CIPC).
Section 2 · Business Plan
Company Overview
QuickFund Online (Pty) Ltd is a private company registered in the Republic of South Africa under the Companies Act, 2008 (No. 71 of 2008). The Company is incorporated as a proprietary limited company with the Companies and Intellectual Property Commission (CIPC).
2.1 Legal Structure and Registration
QuickFund Online (Pty) Ltd is a private company registered in the Republic of South Africa under the Companies Act, 2008 (No. 71 of 2008). The Company is incorporated as a proprietary limited company with the Companies and Intellectual Property Commission (CIPC).
exceeding R1 million threshold
Lending / Online Financial Services
2196
2.2 Regulatory Compliance
Operating in the short-term lending sector in South Africa requires adherence to a comprehensive regulatory framework. QuickFund is committed to full compliance with all applicable legislation and regulatory requirements:
will register as a credit provider with the National Credit Regulator
(NCR). All loan products will comply with prescribed maximum interest
rates, fees, and charges. The Company will conduct mandatory
affordability assessments prior to granting any credit.
necessary FAIS licences for advisory and intermediary services related
to insurance add-on products.
(KYC) and Anti-Money Laundering (AML) procedures, including identity
verification, source of funds checks, and suspicious transaction
reporting.
implement data protection policies, and ensure all personal information
is collected, processed, and stored in compliance with POPIA
requirements.
will register with the FSCA and comply with all conduct standards
applicable to credit providers and financial service entities.
marketing materials, loan agreements, and customer communications will
comply with fair business practice requirements under the CPA.
2.3 Founding Team
Sipho Khumalo – Founder & Chief Executive Officer (CEO)
Mr. Khumalo brings over 12 years of experience in financial services, digital commerce, and entrepreneurship. He has previously founded and scaled two fintech ventures in the South African market, including a mobile payments platform serving over 50,000 users. He holds a Master of Business Administration (MBA) from the University of Cape Town’s Graduate School of Business and a Bachelor of Commerce (BCom) in Finance from the University of the Witwatersrand.
Thandi Moyo – Co-Founder & Chief Technology Officer (CTO)
Ms. Moyo is a technology specialist with over 10 years of experience in software engineering, AI and machine learning, cloud-based platform architecture, and cybersecurity. She previously served as Lead Engineer at a major South African banking group where she developed AI-based credit scoring models. She holds a Master of Science (MSc) in Computer Science from the University of Pretoria and is a certified AWS Solutions Architect.
Pieter van Heerden – Co-Founder & Chief Financial Officer (CFO)
Mr. van Heerden is a Chartered Accountant CA(SA) with over 15 years of experience in financial management, risk management, and regulatory compliance in the lending industry. He previously served as Finance Director at a national micro-lending group overseeing a R500 million loan book. He holds a Bachelor of Accounting (BAcc) from Stellenbosch University and completed his SAICA articles at a Big 4 firm in Johannesburg.
2.4 Shareholding Structure
| Shareholder | Role | Ownership % | Shares Held |
|---|---|---|---|
| Sipho Khumalo | CEO | 50% | 500 |
| Thandi Moyo | CTO | 30% | 300 |
| Pieter van Heerden | CFO | 20% | 200 |
| Total | 100% | 1,000 |
The Company has 1,000 authorised ordinary shares with no par value. Investor equity participation will be negotiated as part of the Series A funding round, with the founding team retaining a controlling interest to ensure strategic continuity.
2.5 Organisational Structure
QuickFund’s organisational structure is designed to be lean and agile, reflecting the Company’s digital-first operating model. The Company will commence operations with 29 employees across six functional divisions:
| Division | Headcount | Key Responsibilities |
|---|---|---|
| Executive Management | 3 | Strategic leadership, investor relations, governance |
| Technology & Development | 6 | Platform development, AI/ML models, infrastructure, security |
| Risk & Credit | 4 | Credit scoring, default management, collections, compliance |
| Customer Support | 8 | Inbound/outbound support, complaints, onboarding |
| Marketing & Sales | 5 | Digital marketing, partnerships, brand, customer acquisition |
| Administration & Finance | 3 | Accounting, HR, office administration, regulatory reporting |
| Total | 29 |
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