Lula

Active#9 in South Africa

Estimated valuation · SME lending · South Africa

Online lending and business account platform for South African small and medium enterprises, offering working capital loans, credit lines and banking tools.

Fintech›SME lending lula.co.za

Founded2014

HQCape Town

Last roundSeries B · 2023

Country of originSouth AfricaListed in the South Africa ranking

Where would you invest?South AfricaJurisdiction as cited by the ranking

Estimated valuation

AI · South Africa ranking

≈ USD 180MUSD 90–360M · Hundreds of M$

Hundreds of k$

Millions $

Tens of M$

Hundreds of M$

Unicorn

Decacorn

Hectocorn

Anchor: Last known equity round: Series B · USD 35M · 2023
AI adjustment: None

An indicative editorial estimate produced by AI, imperfect by nature: neither a financial valuation nor investment advice. Only the market sets a company’s value. Method

Uback rankings

How the AI ranks →

Ranking	Tier	Rank	Edition	Next update
South Africa · all sectors	Top 20	#9	Edition 0 · October 2026	17 Jan 2027

Rank historyOct 2026 · #9First edition: no movements yet.

Funding history

Date	Round	Amount	Type	Investors
2023	Series B	USD 35M	Equity	Lightrock, IFC, Quona Capital, DEG, Triodos Investment Management

Rounds as cited by Uback’s rankings. Equity, debt and grants are shown separately; only equity rounds count towards the valuation anchor.

Independent analyses

By industry professionals & analysts

Industry professionals and financial analysts can publish their own analysis of Lula as a PDF. It must answer at least one of these four questions, and stick to them:

AI valuation: $180MUndervalued or overvalued?

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Who should acquire itStrategic buyers, and why

Who should it acquireAcquisition targets, and why

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What the AI reads

Read by the AI at the next edition.

Comparable companies in South Africa

Full South Africa ranking →

Tyme Group#1Fintech › digital bankUnicorn Jumo#2Fintech › banking-as-a-serviceHundreds of M$Yoco#4Fintech › SME paymentsHundreds of M$Stitch#5Fintech › payment infrastructureHundreds of M$

Last updated: Oct 2026Report an error

Uback is a content publisher and an aggregator of non-binding expressions of interest. It provides no investment advice, receives no mandate and takes part in no transaction. Rankings, ranges and brackets are editorial estimates produced by AI, purely indicative.