Tech Credit Fund deploys structured funding facility to Accelerit Technologies to support fibre network expansion across underserved South African communities
The facility will accelerate Accelerit’s rollout of fibre and wireless infrastructure across Mpumalanga, Gauteng and the Northern Cape, deepening the company’s reach into underserved townships, peri-urban and rural communities.
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
About Tech Credit Fund
Tech Credit Fund is a private credit platform providing structured, growth-oriented funding solutions to businesses operating in the technology, telecommunications, and infrastructure sectors. The Fund focuses on supporting operational, revenue-generating businesses requiring capital aligned to real operational and implementation needs. TCF is a subsidiary of Solcon Capital and operates with support from the Small Enterprise Development & Finance Agency (SEFA).
About Solcon Capital
Solcon Capital is a South African investment platform focused on enabling digital infrastructure and technology-driven economic development. The company’s broader investment ecosystem positions TCF as a platform for co-investment opportunities in South Africa’s rapidly expanding digital infrastructure sector.
About Accelerit Technologies (Pty) Ltd
Accelerit Technologies (Pty) Ltd is a South African telecommunications company focused on delivering reliable, affordable, and scalable connectivity solutions to underserved and unconnected communities. The company provides FTTH, WTTH, and FTTB solutions while supporting digital inclusion through fibre deployment, wireless connectivity, open-access infrastructure, and community-based connectivity models.