Patrick Schofield, Tabassum Qadir
Equity Crowdfunding is a new way to invest in SMEs. Multiple investors contribute to innovative business pitches in exchange for equity shares in the company. Raising capital alongside multiple sources reduces the investment risk. Businesses gain validation and build brand awareness through the capital raising process. Uprise.Africa, a South African Equity Crowdfunding Platform, wants to be the go-to place for early-stage companies looking to raise funding by positioning itself as an innovative online platform to discover, learn and invest in local business. In October last year, Uprise.Africa received an undisclosed amount of funding from Nexxus Ventures, based on a ZAR60 million (US$4.2 million) valuation of the company, to enable it to launch new deals on its platform in the coming months.