This crowd funding platform seeks to drive investment into African businesses
GoGetta Co-Founder, Jeff Millers speaks to CNBC Africa’s Godfrey Mutizwa about their innovative crowdfunding platform that seeks to increase access to finance for African businesses.
Mon, 01 Aug 2022 12:52:10 GMT
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AI Generated Summary
- GoGetta provides a platform for African entrepreneurs to raise capital for their businesses through equity crowdfunding.
- The platform focuses on supporting businesses that contribute to job creation and community development.
- Security and due diligence measures are in place to ensure transparency and reduce investment risks.
GoGetta, a new equity crowdfunding platform, has officially launched on the first of August, offering entrepreneurs across the African continent the opportunity to raise capital for their businesses. Co-Founder Jeff Millers explained in an interview with CNBC Africa that the platform aims to provide funding to businesses that may not have access to traditional sources such as banks and venture capital firms.
The platform allows entrepreneurs to list their businesses on GoGetta.Africa, where they can attract investments from the public. Investors can choose businesses to support, with a minimum investment of one thousand rand. GoGetta targets a broad range of businesses, with a focus on sectors that contribute to job creation and provide valuable services.
Security and due diligence are top priorities for GoGetta. Businesses undergo a thorough evaluation process before being listed on the platform to ensure transparency and reduce investment risks. With Grow Vest, a company with significant experience in venture capital, managing the due diligence process, GoGetta aims to build trust and credibility among investors.
While GoGetta is sector agnostic, it emphasizes support for businesses that have a positive impact on their communities and demonstrate growth potential. The platform welcomes investments from individuals worldwide, but only African businesses are eligible to raise funds through GoGetta.
The platform has already attracted interest from a variety of businesses, including a macadamia farming venture, an innovative art business using Rubik's cubes, and a project providing affordable internet access to underserved communities. The diversity of offerings on GoGetta reflects the platform's commitment to supporting a wide range of entrepreneurial endeavors.
As the platform gains momentum, GoGetta aims to address the critical issue of access to capital for African businesses. By facilitating investments in high-growth potential enterprises, GoGetta seeks to drive economic development and create opportunities for both entrepreneurs and investors across the continent.
The success of GoGetta will not only benefit individual businesses but also contribute to the overall growth of the African economy. With a clear focus on promoting business sustainability and positive social impact, GoGetta is poised to become a key player in the African crowdfunding landscape.
Moving forward, Jeff Millers and the team at GoGetta are determined to navigate challenges and ensure the platform's success. By fostering a community of investors and entrepreneurs, GoGetta aims to build a thriving ecosystem that supports innovation and growth in African business.