Payfast Gateway (Paygate) merchants can now access fast, unsecured business funding through our new partnership with Lula. This offering is designed to help online enterprise businesses move quickly, seize opportunities and stay ahead in a competitive market.
What is Lula?
Lula is a trusted SME funding provider offering short-term, unsecured business funding with fixed costs and flexible repayment terms. Their solutions are built for the rhythm of ecommerce, helping businesses manage cash flow, invest in growth and navigate seasonal fluctuations.
Why this partnership benefits Payfast Gateway merchants
Online businesses often face cash flow gaps, seasonal dips, or sudden growth opportunities. Lula’s funding is designed to support these moments — without the delays or complexity of traditional finance.
Key benefits of Lula funding:
- Funding up to R5 million
- Apply online in minutes
- Get funded within 24 hours once approved
- No collateral required
- Fixed costs with no hidden fees
- Repay early and save
- Dedicated support from funding consultants
Two funding options to choose from:
Lula Cash Flow Facility
Lula’s Cash Flow Facility is a flexible funding solution that gives you access to a pre-approved amount of capital whenever your business needs a boost. A quick assessment is done with each drawdown to ensure the funding offered is right for you and your business. It’s perfect for managing the natural peaks and troughs of online sales or seizing unexpected opportunities.
Lula Fixed-Term Funding
Lula’s Fixed-Term Funding is a once-off lump sum repaid over a set period. It’s ideal for larger, strategic investments like purchasing bulk inventory for peak seasons like Black Friday or the festive season, upgrading your website, or launching new product lines.
- Once-off lump sum: Receive the full amount upfront
- Fixed terms: Repay over 3, 6, 9 or 12 months
- Transparent costs: Fixed fees agreed upon upfront
- No early repayment penalties: Repay faster and save
How to apply for Lula funding
Applying is simple and fully online. You’ll need:
- A registered South African business
- At least 12 months of trading history
- R500,000+ annual turnover
- A business bank account and good credit standing
- Your latest 3 months of bank statements
Once approved, funding is typically disbursed within 24 hours.
Lula funding is unsecured and offered based on business performance. There are no early repayment penalties, and all costs are agreed upfront. Merchants must meet the eligibility criteria and pass a credit and affordability assessment.
This partnership is designed to empower Payfast Gateway merchants to grow faster and smarter. With Lula’s business funding, you can act quickly, invest confidently and keep your business moving forward.
Ready to apply? Start your application here.
