FinTech Case Study: Wave Armature Winding Saved 20 Jobs - With No-Credit-Checks PO or Contract Funding!

In South Africa’s industrial heartland, job preservation isn’t just a metric — it’s a mission. When Wave Armature Winding(Pty)Ltd, a Black-owned motor rewinding specialist, faced a funding bottleneck that threatened 20 livelihoods, they didn’t wait for miracles. They acted and contacted MarketDirect.co.za. ⛔️ The Problem At the time of engagement, the company had secured over R800,000 in confirmed Purchase Orders from Harmony Gold Mining Company Limited. Despite these strong contracts, no conventional lender or funder was willing to assist, as the company’s work is service-oriented and manufacturing-based rather than the simpler “delivery of goods” model preferred by most financiers. The situation was critical — more than 20 jobs were on the line, with immediate risk of factory closure and loss of key technical staff due to severe cash flow constraints. The company’s directors were further disadvantaged by having adverse credit judgments, making traditional credit facilities inaccessible. 💡 The Solution Our contract funding intervention enabled Wave Armature Winding to access the required R590,000, paid directly to employees, suppliers for tools, winding materials, and critical shop equipment. This funding unlocked the capacity to fulfill the pending Harmony Gold orders on schedule, ensuring continuity of operations and preserving all 20+ jobs. Through our NCR-Approved No-Credit-Checks Contract Funding Programme, Wave accessed no-credit-check funding tailored for empowerment-aligned suppliers. The result? + Immediate working capital to stabilize operations + Retention of 20 skilled and semi-skilled jobs + Continued delivery of ISO 9001:2008-compliant rewinding services + Strengthened empowerment positioning for future RFQs 📈 The Impact Wave didn’t just survive — they scaled. With funding in place, they fulfilled urgent motor refurbishments, and maintained their reputation as a trusted supplier to South Africa’s infrastructure giants. This wasn’t just a financial rescue. It was a vote of confidence in empowerment, resilience, and grassroots excellence. 👉 Need funding to protect jobs and deliver tenders or need a Growth Loan to purchase equipment or plant and fulfill your contract? We offer term loans backed by your contract value or financial track record—no traditional collateral required? Click here to unlock fast, flexible finance — low credit score-tolerant.

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