Venture capital is one of the most complex lending processes but also the most common internationally. In the past few years, the venture capital industry has been globalising at a dramatic pace. Increasingly, funds are being raised internationally and invested globally.
Company managers are increasingly looking to venture capital investors to provide the capital, advice and strategic partnerships they need to bring their plans to fruition. Another trend has been the professionalisation and maturation of the venture capital industry. It’s investment policies, procedures and systems have become more refined and formalised. It is therefore not surprising that many nations are making greater efforts to encourage venture capital activity, with an eye to boosting innovation and entrepreneurship. A perfect example in this regard is the establishment of Mercantile Bank in South Africa.
Mercantile bank provides a wide range of international and local banking services to the business community with a segment focus on the Portuguese market.The Bank aims to satisfy all the banking needs of the business client and seeks to differentiate itself through a single point of contact, high touch, personalised service model.
The banks core focus is on business banking and commercial banking.It also has an alliance banking division which offers credit card, debit card and payment services to non-banks.The bank also has a treasury division which offers a full suite of vanilla foreign exchange products.
Business banking has been designed to cater for needs such as business bank accounts, business internet banking, electronic banking services, business bank accounts, business lending, merchant services, business savings, business bank cards, insurance solutions and cash loans.Treasury services focus on foreign exchange, money market and trade finance. Payment systems is about collections, payment system and data validation.