- African companies can raise up to R10 million in capital in exchange for shares on crowdfunding platform GoGetta.
- Qualifying companies are African companies operating in sectors within fintech, agriculture, consumer, energy, enterprise, healthcare, retail and more.
- Interested investors can be located anywhere in the world and will need to invest a minimum of R1,000 or more.
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African companies looking to grow but struggling to get funding can secure investments between R1.5 million and R10 million on crowdfunding platform GoGetta, in exchange for stakes in the company.
The platform, powered by Grovest, a manager in the small-cap investment space, allows local and international venture capital investors to invest in emerging African companies from as little as R1,000.
The platform tries to solve two investment problems. One is to set up a way for emerging companies to access capital. The other is an easy yet safe way for investors to put money into these types of ventures.
“Quality African companies struggle to raise capital using traditional financiers such as banks. Crowdfunding is a multi-billion dollar global industry and it’s time for Africa to step in. GoGetta is a solution to these financing problems and unlocks the potential of African entrepreneurs,” said GoGetta co-founder Sthembiso Zwane.
“Africa is an exciting growth story for investors and our platform showcases some of the best investment opportunities across the continent,” added Zwane.
GoGetta is looking for companies across different industries to list on the platform. Listed companies have the option to invest between R1.5 million and R10 million in exchange for interests in the company.
“GoGetta is regulated by the Financial Sector Conduct Authority (FSCA), giving investors confidence in our world-class compliance and governance capabilities. Africa’s go-getters will also benefit from guidance in formalizing their businesses with a smarter way to access capital to fund growth while staying in control,” said Jeff Miller, co-founder and CEO of GoGetta.
Here’s Who Qualifies
Qualifying companies include companies in the following sectors: fintech, agriculture, consumer, energy, enterprise, healthcare, retail and more.
- To be eligible for the platform, companies must submit audited financial statements, annual management accounts, three-year financial forecasts and a detailed business plan on the GoGetta website.
- Companies wishing to apply must meet a due diligence process conducted by GoGetta’s experienced investment committee before entering into a services and fundraising agreement.
- Only African companies can list on the platform, but investors can be located anywhere in the world.
- The listing fee is R120,000, but as a launch special, GoGetta waives the listing fee for companies that made an offer before September 16.
- Investors pay no fees other than transaction costs. The minimum investment is R1000 and investors receive quarterly reports to track the performance of their investments.
- GoGetta provides comprehensive information to support investment decisions. These include financial information, a company pitch deck, and more.
“We have already registered eligible companies in South Africa and we are seeing significant interest from companies in the African continent that are ready for investment,” said Leat Sakharowitz, co-founder of GoGetta.