about us 2017-10-06T12:16:29+00:00

about us

what makes Spartan different …

This is a little about what makes Spartan different and what this difference means to you and your business …

  • Spartan has been financing businesses for over 36 years – since 1981
  • we only have eyes for small & mid-sized businesses
  • we’re an independent alternative financier
  • we back entrepreneurs with growth finance, asset finance & working capital finance
  • we provide a finance facility for your future needs – allowing you to plan ahead
  • we’re the only guys in South Africa that offer 100% Software Finance
  • you can sign all our docs online on your mobile device – wherever you are with our e-signing

our tech tools …

Given that Spartan is exclusively focused on financing SMEs and entrepreneurs – means that we’re serving a target market with expectations of fast turnaround time, convenient engagement and aversion to documentary compliance.

So to meet those expectations – we think technology in all we do. We have created and adopted technology smartly in key aspects of the financing process for SMEs.

We pioneered Software Finance for SMEs in South Africa – and this afforded us the opportunity to be plugged into the forefront of the software ecosystem. These insights and networks have been used to develop and adopt the right technology to aid our financing of SMEs.

Here’s some of the tech tools we have developed or adopted:

  • Mobile App for our Spartner distribution network [across iOS & Android platforms for phone & tablet devices]
  • Comprehensive online finance application widget – currently under BETA testing
  • Online FICA processing tool
  • E-signing of all contracting & agreements on smart phones
  • For credit assessment we digitally source approximately 75 data points from 14 digital data sources
  • More to come …

our team …

Kumaran Padayachee
Kumaran PadayacheeCEO
Kumaran has been funding SMEs for the past 26 years and has intimate understanding & expertise in SME financing. He is a co-panellist on both the popular Big Small Business Show and co-hosting a new show, SME Funding, on Business Day TV.
John Lazanakis
John LazanakisFD
John heads up Spartan’s Finance, Loan Operations and Asset Lifecycle departments and manages strong fiscal discipline throughout the business. John is also a member of Spartan’s Credit Committee.
Yusuf Baker
Yusuf BakerCIO
Yusuf’s portfolio includes strategy and integration management, IT Infrastructure management, process management and our company systems. He has a special blend of skills suited for financial services and an expert in systems development.
Alun Frost
Alun Frost Non-Executive Chairperson
Alun has been involved in the establishment and/or management of 7 private equity funds since 1994 and 6 IPOs on the JSE. Alun has been an executive director of 2 listed companies and has served on several boards as chairman or as non-executive director.
Claire Busetti
Claire Busetti Non-Executive Chairperson
Claire has spent the last 30 years as an investment professional employed in a range of executive positions in the financial services and DFI industries. Claire has SME financing experience from her time as Chief Investment Officer of the National Empowerment Fund.

our purpose, values & vision …

Spartan operates in a “vision-led and values driven” environment with a focused strategy and growing discipline of execution. This is a place where passionate people are empowered to contribute and encouraged to challenge themselves and their colleagues.

what our customers say …

Pioneer Academies

“The devices we selected where Chromebooks, these are important for our blended learning program – the ability to finance our technology devices allowed us to have more capital available to hire more teachers.”

Damany Gibbs – COO Pioneer Academies

Cash Converters

“From a franchisee point of view finance allows them to guard their working capital more closely and take the money that they would have spent and use that cash effectively to pay for our consumers who are selling us goods or borrowing money from us… it allows our franchisees to employ more people because they have more ready, working capital to actually pay salaries at the end of the month…”

Richard Mukheibir – MD Cash Converters South Africa

watch 3 case studies in 3 minutes …

corporate social responsibility

Under our social responsibility umbrella, we have proudly supported:

  • Mandela Day River Clean Ups
  • The Johannesburg Library Adult Literacy Program
  • The UN Children’s Fund
  • National Business Initiative
  • Business Against Crime
  • Lerato Love Homes
  • Nelson Mandela Foundation
  • Dr Knak School
  • The National Computer Literacy Programme

We don’t just believe in helping the bigger guys – we believe in uplifting and growing the South African economy from grassroots. That’s why when we can’t help a micro business that doesn’t qualify for finance we assist them with leasing Refurbished IT. These are laptops, desktops and printers that have come off-lease, have been fully refurbished – and are now affordable and accessible to micro’s and start-up businesses.


  • We have a Level-2 BBBEE rating … download our certificate
  • Audited and accredited independently by Sizwe Ntsaluba Gobodo as per the DTI’s Codes of Good Practice
  • Spartan is 100% black-owned and 33.3% black women-owned
  • We have the outstanding BEE Procurement Recognition level of 125%, meaning that for every 1 Rand our customers spend, they are credited with R1.25 of spending on affirmative procurement

an authorised financial service provider …

Spartan is an Authorised Financial Services Provider. Our licence number is 47631. Spartan is licensed as a financial services provider in terms of Section 8 of the Financial Advisory And Intermediary Services Act, 2002 (Act No. 37 of 2002).

Spartan is a Registered Credit Provider NCRCP8669. Spartan is registered as a Credit Provider in terms of Section 40 of the National Credit Act 34 of 2005, as amended.

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