Bridgement Secures R330 Million to Expand AI-Powered SME Financing

South African fintech company Bridgement has secured R330 million (US$20.3 million) in funding from Rand Merchant Bank (RMB) and Standard Bank , marking a major milestone in the company’s growth strategy and strengthening its ability to provide financing to small and medium-sized enterprises (SMEs). Announcing the development, Bridgement said the new funding facility will enable it to extend faster, AI-powered financing to thousands more South African SMEs, helping businesses gain quicker access