Uprise. Africa’s emergence on the South African equity crowdfunding sphere offers a welcome break for entrepreneurs or start-ups looking to raise funds and who now have a perfect solution to the problems new businesses normally face within easy reach.
The Johannesburg based equity crowdfunding firm aptly flexed muscle in the industry, with a well-attended and highly interactive launch of one of its client’s Integreatme, in Sandton.
The experience was impressive and electric as an enthusiastic, multiracial guest list took turns to ask robust questions on how to invest in the Regtech platform Integreatme. The event must be the most talked about at the moment and may well be in the rest of the year in South Africa and even the African continent.
For those not in the know, Uprise.Africa broke South African and African records as the Intergreatme equity drive finally netted a whopping R32-million that is way past the initially targeted R24-million.
With the manner in which investors tripped themselves up to invest in this potentially global tech player, there was no doubt the amount wasn’t a long short. It would be much safer to say the buying would have gone and on as people realized the emergence of Integreatme is really a tech giant in the making – set to be in the league of players like Apple.
The initiative made it possible for everyday South Africans with a minimum of R1000 (and a maximum R5-million) to invest in a local tech business that rivals the best in global regulatory technology.
Intergreatme has a vision to craft a world where consumers never fill out a form again. The award winning Regtech Platform (Web and App), is fast becoming South Africa’s go-to technology platform for small, medium and large businesses to consume verified personal information on demand. Consulting to various Telcos, financial institutions, they are leaders in technological solutions and partners to some of the world’s most trusted source databases and perfectly positioned to be the next “Apple” or “Google” of our time.
“The frustration of constantly having to fill out forms and carry personal documentation on-the-go, is a daily issue facing every citizen in this country,” says Luke Warner, cofounder of Integreatme.
“We addressed this frustration by developing an award-winning web and app platform, which transforms onboarding for businesses and digitizing personal information for over 25 million credit active South Africans. Now we are looking for capital to take our business to the next level, and to benefit ordinary citizens in the process,” he added.
Warner and his team have dreams to extend Integreatme beyond South Africa’s borders to reach the estimated five billion credit active citizens globally.
“The market potential for our product is vast. Regtech has been described as the new wave in fintech,” Warner said.
According to Forbes, research conducted by The Trade, US banks spent $100-billion on compliance in 2016 alone. Demand is growing globally for identity compliance and recent fines imposed on large corporates, such as MTN in Nigeria, who fail to do so, point to the need for tighter risk management and its automation.
“The crowdfunding campaign for Intergreatme was a historic moment, and one which we hope will fundamentally change the current funding landscape in South Africa,” said Tabz Qadir, CEO of Uprise Africa.
Warner and his team hope that the crowdfunding initiative via Uprise Africa will pave the way for smaller startups to seek funding and validation by ordinary people as well.
This is history in the making and Uprise.Africa is fast-moving and proving to be the country’s go to source for raising funds for entrepreneurs. Watch this space.
A Zimbabwean born journalist and public relations consultant who, for the past 10 years, has been a resident of South Africa. He writes on arts, entertainment, media, lifestyle, aviation, travel and tourism. Martin is a PR Manager and blog writer for CreativeMagic Group.