Saturday, May 18, 2024
HomeRegionalAMAEquity-Based Crowdfunding Platform, GoGetta Showcases First Vetted African Businesses Beyond SA

Equity-Based Crowdfunding Platform, GoGetta Showcases First Vetted African Businesses Beyond SA

Sthembiso Zwane, Co-founder of GoGetta

JOHANNESBURG, South Africa, 27 February 2023 -/African Media Agency(AMA)/- Innovative equity crowdfunding platform GoGetta has listed its first two businesses outside of South Africa. 

Scorefam is a sports gaming business which makes it easy for betting fans to deposit and withdraw earnings via its crypto-enabled app. Quiver is a crypto-based savings and loans provider which caters for Africans in the informal sector. Both businesses are based in Nigeria.

Sthembiso Zwane, co-founder of GoGetta says, “After successfully raising over R6m for two businesses in just six weeks, we’re delighted to offer these innovative African businesses to global investors. This signifies an important step in our growing reputation as a trusted facilitator of funds for quality African businesses. All businesses must be scrutinised by an investment team prior to listing on the GoGetta platform.”

The announcement comes as growth in the African crowdfunding space gains momentum. Kenya recently released legislative guidance on crowdfunding which specifies licensing requirements for crowdfunding operators, eligible issuers and investors and rules governing crowdfunding transactions. GoGetta has a number of Kenyan businesses in their pipeline. 

GoGetta allows investors to select vetted opportunities and invest quickly and securely from R1,000 (USD 57) to own shares in various African businesses across a number of sectors. GoGetta was launched as a solution to funding issues for quality African businesses and to ensure Africa gets its slice of the billion-dollar equity-based crowdfunding industry. 

Simisoluwa Adeyemo, Scorefam founder and CEO, says the business was created to solve specific problems in sports gaming and betting. “Risk profiling is important to ensure that the selected bets correspond with the user’s appetite for risk. Users can play to earn yield on their capital. When they make successful predictions, they are paid out in a Scorefam token, removing dependence on local banks and country limitations for accessing their rewards. We are aiming to raise R2,2 million (USD 125,000) investment in exchange for shares in the business.”

After struggling to access loans using their digital assets portfolio as collateral, the co-founders of Quiver realised that the average Nigerian could not access credit facilities because they often lacked the resources that made them eligible. “It’s impossible to get credit without statutory documentation and minimum savings deposits. We built Quiver to allow Africans to do more with less by building a non-custodial savings and loans platform,” says Omololu Bamisile, Quiver CEO. Quiver is aiming to raise R4,4 million (USD 247,000) with a minimum target at R2,2 million (USD 123,000).

Businesses open for investment on GoGetta:

  • UMOYA! operates in the telecommunications sector providing affordable data and improved internet connection to under-serviced communities in South Africa. 
  • Investment term: 5 years. Investors can expect a targeted IRR of 21.3%
  • Investmint is an innovative loans platform for SMEs, launched in 2019 which has already funded R30 million in loans. 
  • Investment term: 6 years. Investors can expect a targeted IRR of 27.3%
  • Buygaloo is an adtech business which provides a location-based advertising platform to brick and mortar stores. 
  • Investment term: 5 years. Investors can expect a targeted IRR of 35.3%
  • Silverleaf, a venture capital cannabis fund with an attractive structure allows investors to get in on the growing and lucrative cannabis industry. 
  • Investment term: 5 years. Investors can expect a targeted IRR of 15-20%.
  • Scorefam, a sports gaming crypto-enabled business which makes it easy for betting fans to deposit and withdraw earnings.
  • Investment term: 6 years. Investors can expect a targeted IRR of 33.2%
  • Quiver, a savings and loans provider aimed at the informal market in Africa.
  • Investment term: 5 years. Investors can expect a targeted IRR of 33.6%

GoGetta is powered by one of South Africa’s most respected administrators in the small cap alternative investment space, Grovest. With a track record of over 10 years in entrepreneurship funding, Grovest has assets under administration of over R3,5 billion.

Only African businesses can list on the platform, but investors can be located anywhere.

For further information go to www.gogetta.africa.

Distributed by African Media Agency (AMA) on behalf of GoGetta

About GoGetta

GoGetta is an equity-based crowdfunding platform, bringing quality venture capital opportunities to investors worldwide and giving Africa’s entrepreneurs the platform to raise capital. Investors can invest in various businesses from R1000 (about 60 USD). GoGetta is regulated by the Financial Sector Conduct Authority (FSCA). It is powered by Grovest, which has assets under administration of over R3.5 billion and has a track record of over 10 years in entrepreneurial funding: www.GoGetta.africa

Media Contacts

Turquoise PR & Marketing Communications: 

Despina Harito

084 453 1755 | despina@turquoisepr.co.za

Michelle K Blumenau

083 273 9891 | michelle@turquoisepr.co.za

The post Equity-Based Crowdfunding Platform, GoGetta Showcases First Vetted African Businesses Beyond SA appeared first on African Media Agency.

Source : African Media Agency (AMA)

RELATED ARTICLES
- Advertisment -

Most Popular

Recent Comments

James Hastings Chidule on Malawi’ fistula recovery at 86%
WELLINGTON WITMAN MOSELIJAH LUNDUKA on The history of Ngoni Maseko in Malawi
Lisa Frank on Home
azw3 on Home
Define Regtech on Home
Tobias Kunkumbira on Malawi to roll out Typhoid vaccine
arena plus nba standings 2022 to 2023 ph on Home
David on Home
마산출장 on Home
Cristina Thomas on Home
Alicia Alvarado on Home
The History of online Casinos – Agora Poker – hao029 on The History of online Casinos
Five factors that will determine #NigeriaDecides2023 - NEWSCABAL on Leadership Is Difficult Because Governance Is Very Stubborn, By Owei Lakemfa
Asal Usul Texas Holdem Poker – Agora Poker – hao029 on The Origins of Texas Holdem Poker
Malawi has asked Mike Tyson to be its cannabis ambassador - Techio on Malawi lawmaker Chomanika against Mike Tyson’s appointment as Cannabis Brand Ambassador over sex offence
Finley Mbella on Brand Chakwera leaks Part 1
Maria Eduarda Bernardo on The 2021 Guide to Trading Forex Online
Atsogo Kemso, Political Foot Soldier on Why MCP and UTM Alliance Will Fail
Em. Prof. Willem Van Cotthem - Ghent University, Belgium on Malawi army, National bank cover Chilumba barrack with trees
Christopher Murdock on Why dating older woman is dangerous?
Samantha The Hammer on Why dating older woman is dangerous?