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How to raise capital
How to invest
Answering your questions
What is equity crowdfunding?
How does investing work?
How does raising capital work?
How much does it cost?
Uprise.Africa charges an initial fee of R23 850 to entrepreneurs.
- The fee will be billed in 4 stages, and each stage will only commence on receipt of funds.
- Entrepreneurs will receive all reports generated as part of each stage.
The fee covers the following:
Stage 1: Internal review charged at R2,000.00
Stage 2: Financial Due Diligence charged at R5,750.00
Stage 3: Legal Due Diligence charged at R8,050.00
Stage 4: Prospectus filing with CIPC charged at R8,050.00
Cost of Capital Raise:
8% excluding VAT is deducted on successful capital raises. This is split accordingly: 1% (one percent)(this amount will not accrue VAT as it is part of the subscription raise) of the proceeds raised from this public offering will be retained by Uprise Fund I to cover the running costs of Uprise Fund, 2% Uprise Management company fee – to ensure legal compliance and judiciary oversight post raise for the first year (after year one the company will need to take on their own post-campaign reporting cost), 5% Uprise.Africa platform- capital raise fee.
Campaign Preparation costs:
As part of live public campaign preparation, Uprise Africa recommends that Entrepreneurs factor in approximately R30 000 – R80 000 for legal costs, video production, professional financial advice, social media ads etc.
Transaction fees are charged on investments. EFT fee, R10.00, instant EFT 1.5%, credit/debit card 2.5%, Paypal 5.5%.
How long is the pitch process?
For the full campaign, estimated timing would be approximately 6 months.
Campaign preparation 1-2 months, Campaign run 1-3 months and Shares Issues & Payout 2 – 4 weeks.
When is a shareholder’s certificate issued?
Can I invest if I am not a South African citizen?
Any person or entity which meets one or more of the below criteria qualifies to invest:
- Any South African Citizen
- Any person with a valid residency permit or visa including but not limited to permanent residency, work visas, business visa, retirement visas, study visas,
- Any person with a South African bank or investment account
- Any South African business
- Any foreign national can invest through the Beneficial Shareholder Agreement whereby the Beneficial Shareholder/Foreign National Investor appoints a Nominee (must be a South African Citizen) to hold the Nominee Shares as a nominee of, and for the benefit of, the Beneficial Shareholder, on the basis of the Beneficial Shareholder Agreement – Please email email@example.com to request the form and we will respond by the next business day
Can I sell my shares once I’ve invested?
Shares on Uprise.Africa cannot readily be sold and are not likely to be listed on a secondary trading market. In other words, you will be able to offer your shares for sale to other shareholders only if the company you invest in floats on a securities exchange or is bought by another company. It also depends what is included in the shareholders agreement which changes with each deal.
Uprise.Africa is in negotiation with a secondary market exchange platform that we are taking through a due diligence process to be our share trading mechanism platform. We expect this to go live within 6 months of launch.
Approximately how much time will I have to commit to before and during the campaign?
What is FICA?
South Africa introduced FICA in 2001 to help fight financial crimes such as money laundering, the financing of terrorist activities, and to protect banking customers from such crimes. According to FICA, banks must ensure that the customer information that the bank keeps is correct and up to date as it is important for banks to know their customers.
What documents are acceptable as proof of residence?
– Utility bill, e.g. municipal water and lights account or property managing agent statement
– Bank statement from another bank on an official bank document or form
– Municipal councillor’s letter
– Tax certificate
– Recent active lease or rental agreement
– Municipal rates and taxes invoice not older than 3 months
– Account statement from a NCR (National Credit Regulator) registered service provider (NCR number must be visible/recorded on the document)
– Security service providers registered with PSIRA (Private Security Industry Regulatory Authority), e.g.Chubb, ADT (PSIRA number must be visible/ recorded on the document)
– Telephone or cellular telephone statement
– Official SARS document (not eFiling documentation)
– Valid television license renewal letter
– Television license renewal/confirmation letter
– Subscription TV, e.g. MultiChoice statement
– Home loan statement from another financial institution
– Long/short term insurance policy documents from another Financial Services Provider (FSB number must be visible/recorded on the document)
– Motor vehicle registration/license documents
– Body corporate/governing body letter or statement
– Official employer letter for employees residing on company/ institution premises
– Official university/technikon/college or tertiary institution registration letter
– Affidavit to confirm address (only applicable to individuals)
– Posted traffic fine from a Metro police department (E-toll statements are not accepted)
– Medical aid statement or policy document (policy number must be visible on the document)
Does the Uprise.Africa community have first option to buy shares off a fellow investor?
What are the expectations from a dividend’s point of view and how is that payout managed?
Is Uprise.Africa regulated?
How much can I invest?
Why do I need to register on the platform?
What is the criteria for applying to run an Equity Crowdfunding campaign?
- Any industry
- Raising R500 000 –R50 million. 3mil + is preferred
- Already generating revenue
- Have at least one anchor Investor
- Good returns (10% – 40%+)
- Strong Team
- Ideally at least 2 years operational
- No litigations
Is it possible to use Uprise.Africa for BEE restructuring?
What are the benefits of equity crowdfunding for me as an entrepreneur?
What are the benefits of equity crowdfunding for me as an investor?
How can I protect the confidentiality of my business idea or product?
Who can I contact if I still have questions?
What is overfunding?
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How a SAFE Works
A SAFE (simple agreement for future equity) is an agreement between an investor (in this case Uprise) and a company that provides rights to the investor for future equity in the company similar to a warrant, except without determining a specific price per share at the time of the initial investment. The SAFE investor receives the futures shares when a priced round of investment or liquidation event occurs. SAFEs are intended to provide a simpler mechanism for startups to seek earlier stage funding than convertible notes or equity.
Investing in early stage businesses and startups can be very rewarding but comes with its risks and challenges. These risks include dilution, illiquidity, loss of investment and rarity of dividends which is why investment should only occur as part of a diversified portfolio. Uprise.Africa is targeted specifically at sophisticated Investors who are sufficiently aware of these
risks and make informed decisions. As an Investor, you will only be able to invest via Uprise.Africa once you have passed our application process and registered on our platform.
Pitches by Entrepreneurs for investment are not offers to the general public as only registered members of Uprise.Africa can invest into Uprise.Africa and mandate Uprise.Africa to invest that money into the particular Entrepreneur, based on information provided in the pitches by the Entrepreneurs concerned. Uprise.Africa takes no responsibility for this information or any recommendations or opinions expressed by the Entrepreneurs or Investors.