TGPDC secures funding to accelerate its growth
SA-based The Good People Data Company (TGPDC) has raised an undisclosed sum in funding from REdimension Capital, through the REdimension Real Estate Technology and Sustainability Fund. Strategic partners including Burstone Real Estate Partners, Growthpoint Properties, Rand Merchant Bank, Liberty Group and Sphere Holdings, amongst others, backed the funding.
TGPDC is a South African startup that offers digital workflow automation, verification processes, and compliance solutions. It was founded in 2018 by JK Du Toit to cater for businesses and organizations through its array of digital solutions. These include contract and lease automation, document management, bank statement retrieval, income and expenditure classification, credit and asset profiling, and collusion monitoring. The company is recognized for its comprehensive approach to simplifying verification and compliance workflows.
Having being in business for over six years, the company has built a robust reputation, working with some of South Africa’s most prominent brands and partnering with the Southern African Fraud Prevention Services (SAFPS) to combat fraud, money laundering, and impersonation crimes.
“The investment from REdimension represents a significant milestone for The Good People Data Company. With their strategic expertise and resources, we are well-positioned to accelerate our growth, expand into new markets, and continue driving innovation in the verification, compliance, and workflow automation sectors. Together, we will redefine how African businesses navigate the challenges of a digital-first world.” said JK du Toit, the startup’s CEO.
He went on to say: “The Good People Data Company’s innovative platforms address these challenges with advanced technologies, including biometric verification, anti-money laundering screening, and real-time compliance checks.
“By automating labour-intensive processes, the company reduces compliance costs, enhances accuracy, and empowers businesses to counter sophisticated fraud tactics effectively, while also enabling companies to meet growing regulatory requirements.”
Peter Clark, managing partner at REdimension Capital, commented: “This partnership allows us to further enhance our services and expand our reach, ensuring we remain at the forefront of Africa’s digital transformation.
“The Good People Data Company is setting the standard for digital transformation and inclusion in Africa. Their innovative technology not only addresses critical challenges but also unlocks opportunities for sustainable growth. We are excited to support their journey and contribute to their continued success.”
REdimension Capital, established in South Africa in 2021, focuses on fostering innovation at the intersection of real estate, technology, and sustainability. Leveraging its property-centric expertise, REdimension Capital collaborates with strategic corporate partners to invest in future-focused technology that enhances operational efficiency and promotes sustainability in the built environment.
