The Tech Credit Fund (TCF) has deployed a structured private credit facility to TOGIT, a 100% youth Black-owned telecommunications and IT infrastructure services provider, to accelerate its infrastructure rollout and operational capacity.
Telecommunications infrastructure expansion in South Africa remains execution-intensive and capital-dependent. Rollout programmes require upfront mobilisation, equipment procurement, and alignment of working capital with project revenue cycles. Traditional lending frameworks do not always accommodate this profile.
The facility has been structured to align with TOGIT’s contracted infrastructure implementation projects and revenue model. The funding will support the ISP’s expansion plan and fibre deployment, telecommunications infrastructure build activities, and the strengthening of operational delivery capacity across public and private sector engagements.
For the Tech Credit Fund, the transaction reflects its mandate to provide growth-aligned capital to operational, revenue-generating businesses that demonstrate technical capability and disciplined execution but require flexible capital structures to scale.
“This facility reflects our focus on structured private credit solutions that align with the operational realities of infrastructure businesses. Telecommunications rollout requires disciplined execution and capital timing that matches project delivery cycles. TOGIT has demonstrated the technical capability and growth trajectory that support this form of funding. Our role is to structure capital in a way that enables responsible expansion,” says Pramod Venkatesh, CEO of Tech Credit Fund.
“This funding is a significant milestone for TOGIT, enabling us to accelerate infrastructure rollout while maintaining operational discipline. It strengthens our ability to mobilise resources efficiently, expand the capacity of fibre and telecommunications infrastructure, and meet the delivery requirements of our clients. Access to structured, growth-aligned capital is critical for businesses operating in infrastructure-heavy environments,” says Siyabonga Nkumane, Director of TOGIT.
The deployment forms part of the Tech Credit Fund’s broader strategy to address the funding gap faced by growth-stage telecommunications and technology infrastructure businesses. By structuring capital to align with operational cash flows and implementation timelines, the Fund seeks to enable sustainable commercial growth within South Africa’s digital economy.
The Tech Credit Fund remains actively engaged with technology-enabled and infrastructure-focused businesses seeking flexible, structured funding solutions aligned to real operational needs.
