[Promoted] Standard Bank’s ecosystem banking bets on SA entrepreneurs
In less than four years, Advannotech, an integrated technology solutions business, has grown from a start-up to a nationwide entity with a turnover of more than R20 million, and employing about 30 people in five provincial offices.The business also supports a sought-after tech internship programme, providing skills and access to graduates.
At the very first meeting, Zuma encountered a diverse Standard Bank team, quickly able to understand Advannotech and its vision. Not only did Standard Bank then bet on this plan with their own capital, but they “also focused their Enterprise Development team on securing opportunities with credible businesses that would ensure the plan worked,” explains Zuma.Once Standard Bank assisted Advannotech establish a client base, Zuma was visited by a Standard Bank credit manager who advised on key acquisitions to take Advannotech national, enabling the business to serve clients and operate seamlessly across the country.
“With average growth of 35% year-on-year, we’re on track to achieve our R50 million turnover target by 2025,” predicts Zuma.
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