Kelvin Tyron, Oriaku Samuel, Ndifreke Anwanakak, Itumeleng Moagi
Meltwater Entrepreneurial School of Technology
There is a growing demand for working capital by small businesses while on the other hand there is a continuous need for secure and competitive returns for investors. Nvoicia assists small businesses with unpaid invoices, gain access to working capital loans in order to efficiently run their businesses using these invoices. The startup partners with Individuals and Institutional Investors to finance the Small business invoices in exchange for a competitive return on their investment. They provide the working capital loans to SMEs without collateral through invoice factoring. Last year, the startup was accepted into Kosmos Innovation Centre as well as MEST Incubator and also raised $100,000 in seed funding.