• Contact Us
  • About Us
Saturday, August 26, 2023
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Banking / Finance

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

metro by metro
February 27, 2023
in Banking / Finance, Business, English News Releases, Financial Inclusion, Technology, Uncategorized
0
0
SHARES
0
VIEWS
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.

Read Also

Abolish ‘human exploitation’ once and for all, UNESCO chief urges

SAP GROW launched to accelerate small & medium businesses’ cloud adoption across South Africa

Speed, Art, and NFTs Converge: Bybit and Oracle Red Bull Racing’s Velocity Series Collaboration

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)

Tags: Banking / FinanceBusinessEnglish News ReleasesFinancial InclusionTechnology
Previous Post

UNG Tasks INEC On Uploading Of Election Results 

Next Post

Aleph Hospitality To Develop And Operate Fauchon-Branded Hotels In The Middle East And Africa

Related Posts

English News Releases

Abolish ‘human exploitation’ once and for all, UNESCO chief urges

August 25, 2023
Business

SAP GROW launched to accelerate small & medium businesses’ cloud adoption across South Africa

August 24, 2023
English News Releases

Speed, Art, and NFTs Converge: Bybit and Oracle Red Bull Racing’s Velocity Series Collaboration

August 24, 2023
Blog

Africa Needs a New Generation of Media

August 24, 2023
Next Post

Aleph Hospitality To Develop And Operate Fauchon-Branded Hotels In The Middle East And Africa

Abolish ‘human exploitation’ once and for all, UNESCO chief urges

August 25, 2023
Nigeria’s GDP Growth Slows To 2.51% In Q2, 2023 Amid Challenging Economic Condition

Nigeria’s GDP Growth Slows To 2.51% In Q2, 2023 Amid Challenging Economic Condition

August 25, 2023
Minister Says Port Harcourt Refinery To Be Ready In December 2023

Minister Says Port Harcourt Refinery To Be Ready In December 2023

August 25, 2023
ADVERTISEMENT
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version