24/06/2026
๐ฌ๐ผ๐๐๐ต ๐ฆ๐ฝ๐ผ๐๐น๐ถ๐ด๐ต๐: ๐ง๐ต๐ฒ ๐ ๐๐๐ถ๐๐ ๐๐ฎ๐ฐ๐ธ๐ถ๐ป๐ด ๐ช๐ผ๐บ๐ฒ๐ป ๐๐ป๐๐ฟ๐ฒ๐ฝ๐ฟ๐ฒ๐ป๐ฒ๐๐ฟ๐
Wesgro is spotlighting young entrepreneurs who are unlocking economic opportunity by supporting business growth, innovation and job creation across Cape Town and the Western Cape.
Egla Ntumba and Jill Curr are the co-founders of MsFiT Ventures, a Cape Town-based private credit fund providing working capital and trade finance solutions to female-led and gender-diverse SMEs.
Having spent their careers in the investment sector, the duo recognised a significant funding gap facing entrepreneurs. With less than 10% of venture capital funding reaching female-founded businesses and many SMEs struggling to access growth capital, they launched MsFiT Ventures in 2024 to support what they call the "misfits" โ businesses with strong potential that are often overlooked by traditional funding models.
Since launching, MsFiT Ventures has secured an anchor investor for its R55.5 million loan book and has already invested in four growing businesses.
Being based in Cape Town has also played an important role in their growth journey.
"Cape Town is the hub of startup activity in South Africa. Being based here has allowed us to meet a lot of interesting people from all over the world and to attend many conferences where we've learned a lot and met investors who backed our fund."
Their work highlights the important role that access to finance plays in supporting entrepreneurship, business growth and job creation. Looking ahead, MsFiT Ventures aims to help create 1,000 new jobs over the next five years while sustaining more than 300 existing jobs.
"Our objective is for those jobs, and the growth of our portfolio SMEs, to provide economic access and inclusion for those communities that would have otherwise been left behind."
The founders also emphasise the importance of mentorship, collaboration and strong support networks in building a successful business.
"Building any kind of business truly takes a village. We have had mentors whose advice was invaluable in the beginning, and as we have grown, we have continued to learn from new mentors who can help us navigate the challenges of each stage. Support has been a game changer for us and our journey."
Wrenelle Stander Ivan Meyer James Vos Mayoral Committee Member for Economic Growth and Tourism