Addendum was started in 2014 by a group of people from different financial sector backgrounds who shared a common dream: one of challenging the status quo. The inflexibility and opaque nature of our market needed to be changed to benefit all businesses, big and small. Addendum developed a simple structure to realise this dream: standardised terms to make offers directly comparable, enabling price competition. This offers real-time, online execution which is efficient, convenient for users and keeps transaction costs down.
2020 Category Winner:
Manufacturing and Industrial
2019 Category Winner:
FMCG – Food and Beverage
2018 Category Winner:
Retail and Apparel
2016 Category Winner:
Manufacturing and Industrial
Supply Chain Finance
Our innovative multibank platform and award-winning solution has made Addendum Africa’s supply chain finance leader.
An easy-to-use platform to facilitate debt funding between counterparties in the capital markets.
Selective Receivables Finance
Freeing up working capital in businesses by allowing them to select which debtor invoices to sell in order to keep cash flowing into the business.
This is truly an unmatched enterprise financial procurement solution.
This was smooth sailing. Well done to your team for developing such an easy-to-use funding platform. It can’t get any easier for a borrower to raise funds. We will definitely keep using this in future.
I recommend Addendum to all companies who seek to free up working capital locked up in their supply chain. Their end-to-end service has been key to create a global award-winning supply chain finance programme.
It was a seamless transaction and I found the system intuitive and very easy-to-use. With this under our belt, I hope we can do more with Addendum. For Pick n Pay, it has been a very positive and worthwhile experience.
This is not an IT implementation, it’s not a financial implementation, it’s not a legal implementation. It is all of it: it’s a total business implementation done by Addendum.
If you decide to own your supply chain and the costs and benefits associated with it, then Addendum is the right partner to help roll out and support your supply chain finance programme. Addendum’s Procurement Services offering is absolutely unique. Their knowledge and professional approach support all parties in decision making. Their international awards are testimony to their personal and professional credibility. I can recommend them wholeheartedly.
Addendum’s Procurement Services offering has been a highly positive contributing factor to our success in extending payment terms with our suppliers. Their continued availability and commitment to the entire process is undisputed and highly appreciated.
Addendum’s Procurement Services offering is excellent. Suppliers were on-boarded rapidly and from administration to discussions with suppliers, all were handled professionally and timeously. The sales team at Addendum were well equipped and handled even the most difficult supplier, always willing to assist, even on short notice.
All Distell suppliers, irrespective of value of spend, are treated with the same commitment which is pleasing to see. Addendum offers a real innovative alternative to traditional financing.
We had a seamless experience with the supply chain finance implementation. The platform is extremely easy to navigate and use. The competency of the team is excellent, and they have provided a high level of support.
As we move swiftly into 2021, we thought we’d take a brief moment to recap all that happened in 2020 before sharing our excitement about the year that lies ahead. 2020 started with strong momentum and new clients joining our Funding Solutions Platform.
It has been an exciting and busy 6 months for Funding Solutions. So busy, that we were unable to bring out a standalone Q1 update! Read on for a quick tour of our recent highlights together with some very exciting new developments coming soon. Platform activity over...
An innovative collaboration between Absa and Addendum Financial Services has helped to build a resilient Supply Chain Finance solution to support some of the biggest industrial businesses in South Africa. To date this initiative has managed to unlock more than R40bn...
Addendum provides financial technology solutions to companies and funders and aims to become the benchmark for best execution in our targeted markets. Our fintech solutions are capable of unlocking capital and funding for businesses of all sizes. We have designed real-time, online solutions that make markets transparent and products simple and seamless to execute.
Where others saw a barricaded, antiquated machine, we saw possibility. With transparency, convenience and choice as founding principles, Addendum puts you in charge. We believe that a small change to your business strategy – an addendum – can open a world of potential for your business.