Tech Credit Fund (TCF) has deployed a structured funding facility to Accelerit Technologies to boost high-speed internet rollout across underserved South African communities. The investment will accelerate fibre and wireless infrastructure in Mpumalanga, Gauteng, and the Northern Cape, supporting residential areas, small businesses, and public institutions while sustaining over 265 jobs.
Tech Credit Fund (TCF), a private credit platform under Solcon Capital, has deployed a structured funding facility to Accelerit Technologies (Pty) Ltd, a South African telecommunications company focused on delivering reliable, high-speed internet to underserved and unconnected regions of the country.
“Accelerit is exactly the kind of business TCF was built to support operationally proven, already serving real communities, and held back only by access to the kind of structured, growth-aligned capital that traditional funders haven’t been able to offer businesses at this stage. We’re proud to back their continued expansion into underserved markets.” Pramod Venkatesh, CEO, Tech Credit Fund
Founded in 2011, Accelerit operates in the Fibre-to-the-Home (FTTH), Wireless-to-the-Home (WTTH), and Fibre-to-the-Business (FTTB) markets, with a multi-technology deployment model built to reach households, small businesses, and public institutions in areas where larger fibre network operators have limited presence. The company’s open-access infrastructure model allows other ISPs and fibre network operators to deliver services over its network, extending affordable connectivity to a wider base of end users.
The facility will support Accelerit’s continued expansion across its active deployment regions in Mpumalanga, Gauteng and the Northern Cape, spanning six communities including Ermelo, Phomolong, Etwatwa and Carletonville, where the company has been progressively rolling out fibre and wireless infrastructure into townships, peri-urban areas and rural communities historically underserved by traditional connectivity providers.
Accelerit’s operations currently support more than 80 direct jobs across its permanent staff and field installation teams, with an estimated further 185 jobs sustained indirectly through its civil works and infrastructure supply chain, equipment suppliers, reseller network, and community-based payment and support ecosystem a combined employment footprint of more than 265 jobs, almost entirely held by Black South Africans. TCF’s facility will support the continued growth of this footprint as Accelerit scales its network into new regions and deepens its presence in existing ones, serving residential households, small businesses such as spaza shops and filling stations, and public institutions including schools and clinics.
“This funding represents an important milestone for Accelerit as we continue expanding our network footprint and increasing access to affordable, reliable internet services across South Africa. The support from Tech Credit Fund strengthens our ability to scale operations, accelerate infrastructure deployment, and continue connecting communities that remain underserved by traditional connectivity providers.” Mandla Ngcobo, Founder and CEO, Accelerit Technologies.
