GoGetta to Help African Businesses Attract Global Investment Opportunities

Quality African companies looking for finance now have access to capital through the cutting-edge crowdfunding website GoGetta.

With merely R1000 or more, local and foreign angel and venture capital investors can now choose from pre-screened possibilities and make rapid, risk-free investments to acquire shares in a variety of African companies.

Co-founder of GoGetta Sthembiso Zwane says, “Quality African firms are finding it difficult to get funding from conventional lenders like banks. It’s time for Africa to participate in the billion-dollar global economy of crowdfunding. GoGetta provides a solution to these financial problems and helps African entrepreneurs reach their full potential. For investors, Africa is a fascinating growth story, and our website highlights some of the top investment options available there.

GoGetta actively seeks out desirable companies to list on the platform that are looking to raise between R1.5 million and R10 million in exchange for investments in the form of ownership stakes in the companies. Before a service and funding agreement is finalized, each business included on the platform must pass the experience investment committee of GoGetta’s due diligence procedure. The portal only allows African businesses to list, yet investors come from all over the world.

Grovest, a reputable administrator in the small-cap alternative investment market in South Africa, powers GoGetta. Grovest has been investing in startups for over ten years and currently manages over R3.5 billion in assets.

Investors can have faith in GoGetta’s superior compliance and governance competence because we are governed by the Financial Sector Conduct Authority (FSCA), which is a regulatory body. A better way to access financing to fuel expansion while maintaining control will help Africa’s entrepreneurs as well, according to GoGetta co-founder and CEO Jeff Miller.

Qualifying Businesses

GoGetta is sector-neutral and accepts applications from all companies in return for shares from a variety of industries. Fintech, agriculture, consumers, energy, businesses, healthcare, retail, and other sectors are among them.

GoGetta co-founder Leat Sacharowitz adds, “We have already signed up qualified businesses in South Africa and we are seeing substantial interest from enterprises on the African continent that are ready for investment.”

Businesses must submit audited financial statements, year-to-date management accounts, three-year financial forecasts, and a thorough business strategy in order to be eligible for the platform. Low listing fees are charged up front, and compliance and reporting fees are not charged until the company has received its desired level of investment.

Investors

Investors do not pay any fees other than transaction costs. Investors can monitor the performance of their investments by receiving quarterly reports; the minimum investment is R1000. GoGetta offers thorough information to help with investment selections. These include of a corporate pitch deck, financial data, and other things.

Investment opportunities

GoGetta has already made available three investment opportunities, and more will follow soon.

Umoya! is a telecommunications company that offers underserved communities in South Africa more inexpensive data and better internet connectivity. Umoya! thinks that connectedness has the ability to transform lives.
A reputable macadamia farming operation in Kwa-Zulu Natal is Shuthuka. A nut processing facility has an off-take agreement with the farm that commits it to buying at least 90% of the nuts produced by Shuthuka. After processing, the macadamia nuts are sent to the US and Europe.
A local business owner, Rubik’s cube artist, and owner of the South African rights to art created of Rubik’s cubes operates Naked Cuber Rentals, an artistic endeavor.
His combined passion for riddles and art gave rise to the company.

Equity-based crowdfunding, according to Zwane, is particularly appealing in the African environment, where informal financial institutions are underutilized and traditional community investing is popular. In Africa, where the younger population is leading the digital economy, mobile money and digital finance are widely used. The platform offered by GoGetta provides easy access to reputable business prospects for both investors and startups looking for investment.

For further information go to www.gogetta.africa.