Absa Business She Thrives
Designed for Women in Business As an entrepreneur, you are always in search of ways to leave your mark in an impactful way. With Business She Thrives, Absa is here to support and empower you with the tools that enable you and your business to grow. We have a range of holistic, well-designed banking, finance and investment solutions, offered to enable you to achieve your business goals, wealth creation, protection and preservation objectives to build your business legacy. Over and above this, you have non-financial solutions as a value-add to give you access to markets, training and networking events.
Relationship Banking Your dedicated Relationship Banker will develop an in-depth understanding of your business needs, and together with the support of a team of experienced business specialists, will provide you with holistic and appropriate solutions. You will get access to expert advice and guidance from our Relationship Bankers as your trusted advisers, both virtually and in person.
Business Evolve Account It is a hassle-free business account designed to evolve as your business grows. It is tailored for your needs and ensures a sense of adaptability, control and flexibility over the growth of your business. It is an end-to-end solution that adapts to every stage of your business’s lifecycle and allows you to conveniently bank online. No monthly fees for Absa Online and the Banking App.
Business Evolve is a transactional account that gets you started on your business journey and includes these benefits:
Cashflow Manager In keeping with our commitment to do more, the Business Evolve Account comes with a revolutionary business management feature called Cashflow Manager, at no additional monthly fees. A digital easy-to-use accounting and business management solution that enables you to run your business efficiently and manage liquidity better. It will enable you to generate quotes, invoices and receipts and view a dashboard of accounting activities and cashflows on Absa Online.
Debit card To assist with your day-to-day transacting or purchasing requirements. Multiple debit cards can be issued per signatory on the account, with the option to personalise it.
Liquidity Plus An interest bearing account, which allows you immediate access to your account balance. No monthly account fees an no minimum deposit is required to open the account.
Islamic Depositor Plus A profit-bearing account, which allows you immediate access to your account balance. No monthly account fees and a minimum deposit of R100 is required to open the account.
Start, run and evolve your business. Discover the rest of our Business Evolve packages.
Price scheme name and overview
Absa Business Evolve Lite
Absa Business Evolve Core
Absa Business Evolve PAYT
Absa Business Evolve Ignite
Simple and easier banking with Business Evolve Lite with zero monthly account fees and tiered, pay-as-you-transact pricing, which allows you to manage fees and transactions.
This package is suitable for sole proprietors, with the flexibility to grow with their business needs. Zero monthly account fees and tiered, pay-as-you-transact pricing puts you in control.
Bank easier with a Business Evolve PAYT package, which has tiered per-transaction pricing. As your transactional volumes grow, your fees per transaction decrease. Low monthly account fees.
Enhanced bundled current account offering geared towards the needs of start-up businesses or businesses with low transaction volumes. Fixedfee banking to support your cashflow and budgeting needs.
Pricing schemes
Qualifying criteria
Target Market
Pay-as-youtransact
Any business type
SMEs
Pay-as-youtransact
Sole proprietors (<5m turnover per annum)
Sole proprietors only
Pay-as-youtransact
Sole proprietors Any (<5m business turnover type per annum)
Sole and SMEs proprietors commercial only businesses
Pay-as-youBundle transact
Sole proprietors Any (<5m business turnover type per annum)
Sole and SMEs proprietors commercial only businesses
Price scheme name and overview
Absa Business Start
This package is perfect for businesses with lower transaction volumes. It includes up to 50 transactions per month.
Absa Business Evolve Grow
This package is suited for medium-sized businesses that have higher transaction volumes. It includes up to 100 transactions per month.
Absa Business Evolve Excel
This bundle package is for businesses with larger transaction volumes. Itincludes up to 150 transactions per month.
Pricing schemes
Qualifying criteria
Target Market
Bundle
Any business type
SMEs and commercial businesses
Bundle
Any business type
SMEs and commercial businesses
Sole proprietors Any (<5m business turnover type per annum)
Sole and SMEs proprietors commercial only businesses
Pay-as-youBundle transact
Absa Business Evolve Packages are also available for Islamic and Franchise business clients. Note: Waiver of the monthly management fee for 6 (six) months after an account has been opened. Thereafter, customers will be charged the monthly fees. Transactional fees on pay-as-you-transact and out-of-bundle transactions on bundled products are excluded.
Access to funding We understand that every business is different, so we treat every business differently. That’s why we provide tailored financing options through our alternative lending solutions, such as:
Women Empowerment Fund Our Women Empowerment Finance facility is suitable for new and existing woman-owned businesses. If your business has a revenue stream and positive cashflow, but lacks a deposit, collateral or security.
Absa Specialised Lending and Working Capital Whether you are starting or growing your business, we have start-up and operational finance facilities for businesses with repayment ability. Apply for an Overdraft, Term Loan, Commercial Asset Finance or Commercial Property Finance.
Agriculture BEE Finance Black-owned small, medium and large enterprises operating in South Africa can apply for Agriculture BEE Finance. With repayment periods of up to 10 years, our agriculture business loan targeting growing businesses is the right choice if you need a bespoke credit facility.
Features and benefits Access to funding of up to R5m on an unsecured basis,
Zero initiation fee for your first facility taken, and
Supported by Enterprise Development and Alternative Lending Solutions,
Up to 50% bond registration costs.
Business protection Access to short-term insurance: Up to 35% discount on premiums Low excess structure, with excess waiver for qualifying clients Office and roadside assistance at no additional cost Employee Care Plan, with access to funeral cover, life and disability cover for all your employees: Life Cover between R50 000 and R2 000 000,
Funeral Cover between R5 000 and R50 000,
Occupational Disability Cover between R50 000 and R2 000 000.
Non-financial As value-added benefits, you get free access to the following to enhance and boost your business skills:
Skills development, capacity building and networking Access to Udemy, free for 12 months. Carefully curated content that focuses on: Starting and growing a business, Entrepreneurship, Financial acumen, Funding, Innovation, Digital marketing, and Funding-ready masterclasses
Networking via our valued partners: Lionesses of Africa Available exclusively for women in business A female-only association of women from across the continent, across the business spectrum (start-ups to commercial businesses)
Host monthly webinars for members and non-members Digital magazine for members A digital playbook with practical advice, information, insights and shared experiences for small businesses
National Small Business Chamber (NSBC)
Absa has partnered with NSBC, an African leading SME and the fastest-growing organisation of its kind in the world, committed to helping business owners and entrepreneurs become tomorrow’s business legends.
The NSBC provides an array of amazing benefits and is dedicated to being your voice to ensure that your business thrives. You will get a VIP status on the NSBC, which gives you access to the following:
VIP Breakfast Connect Receive hundreds of business referrals and contacts throughout the year. Attend monthly B2B networking events with hundreds of like-minded entrepreneurs for you to form strategic alliances. Get recognised You and your business receive automatic nomination to enter the South African Business Awards.
Free passport to the Business Show An annual event for aspiring entrepreneurs wanting to start or build a bigger and successful business and exhibition opportunities.
Qualifying criteria Absa client (existing or new),
South African registered entity or trading as a sole proprietor, and
Majority shareholding of 50.1% women,
Turnover of <R20m per annum.
To qualify for these benefits, you will have to have a Business Evolve Transactional Account.
Scan here to apply
Authorised Financial Services Provider Registered Credit Provider Reg No NCRCP7