SME Snapshot launches upgraded platform to help South African SMEs secure funding and scale growth

To further help address the SME funding gap, the startup has now launched an enhanced version of its platform.

Tyronne Nel, Founder and CEO of SME Snapshot.

South African fintech SME Snapshot, known for providing data-driven insights into the country’s small business sector, has released an upgraded version of its platform designed to make it easier for SMEs to access funding and accelerate growth.

The platform enables small businesses to track, analyze, and present their financial performance through a single, user-friendly dashboard. The free version offers one company dashboard that includes access to financial ratios, performance trends, and compliance alerts. Users can then expand functionality with paid add-ons such as business valuations, health reports, or white-label dashboards for advisors.

“Whether you’re an entrepreneur seeking early-stage funding, a mentor supporting dozens of startups, or a corporation strengthening your supplier base, SME Snapshot offers a smarter, faster way to grow,” said Tyronne Nel, Founder and CEO of SME Snapshot.

To further narrow the funding gap faced by small businesses, the company has introduced a new and improved business management dashboard that provides real-time visibility into financial metrics, compliance status, and structured growth assessments. The goal is to help entrepreneurs and advisors better prepare businesses to meet funders’ expectations.

“Our solution removes the uncertainty around SME funding readiness,” Nel explained. “Instead of relying on self-reported surveys, we use verified, live data directly from accounting systems like Xero, QuickBooks, and Sage. This ensures entrepreneurs have accurate insights while giving funders and corporates the transparency needed for informed investment decisions.”

A key addition to the enhanced platform is the SME Snapshot Business Health Checklist, which evaluates a company’s preparedness across five core dimensions: talent and skills, service offering, legal and compliance, financial management, and strategic planning. The assessment includes 100 targeted questions that generate a printable report, ideal for funding proposals, investor meetings, coaching sessions, or accelerator reviews.

“This isn’t just about financial numbers,” Nel added. “Funders look for businesses with the right people, processes, and strategy in place. The Health Checklist helps SMEs pinpoint strengths and weaknesses and chart a clear path toward becoming truly funder-ready.”