Nigeria startup GetEquity expands to Kenya to connect startups with funding opportunities

KENYA – Nigerian investtech startup GetEquity has expanded to Kenya as it looks to connect more African startups with funding opportunities.

The East African growth is led by Eve Mumbiwho says that providing knowledge-sharing opportunities was high on GetEquity’s agenda as it made expansion plans in the market.

“Businesses do not exist in a vacuum, therefore having first-hand knowledge of market realities within the East African context is crucial for companies targeting exponential growth. As we expand our network within the region, we are investing personnel, research and knowledge sharing opportunities for our founders,” she said.

“These efforts are aimed at ensuring that even as we help organisations get equity to escalate their growth, they have additional insights to make the best of it.

So far, we have on-boarded MyWagePay and Zemo Card and as we continue with our market visits within the region, we look forward to onboarding more partners in the next few months.”

Founded in 2020 by Jude Dike and William Okafor, GetEquity is a fundraising and venture portfolio management company that aims to reduce friction between founders and the funding they need by giving them access to a wide range of funding options.

Startups can list themselves on the GetEquity platform and market to institutional investors and public users. GetEquity enables anyone to buy equity in a listed startup for as little as US$10.

The startup launched in 2021 after raising a six-figure pre-seed funding round led by GreenHouse Capital.

“We are democratising access to the startup funding space – both for investors seeking to grow their money in companies with a high growth potential, and for startups seeking to raise capital to accelerate business growth. Our private marketplace is open to individual and institutional investors alike,” said Dike.

GetEquity Director of Growth/Co-Founder Temitope Ekundayo previously underscored the importance of connecting directly with founders, saying the company is committed to maintaining their hands-on startup support approach as they expand in the region.

He pointed out that while most venture capitalist firms focus on firms at advanced growth stages, his team is committed to also offering budding firms the support they need to develop and scale.

“Early stage support involves a bit of handholding, and fortunately, we have a lot of startup superstars on our team – people who have started companies and scaled them, so they have practical insight into the real challenges founders face,” said Mr. Ekundayo.

“So, to support our partners we check in on them monthly, and assist them in problem-solving using the insights they share with us.”

GetEquity will be kicking off a series of Masterclasses and funding round-tables in the second half of 2022, as well as market visits across Kenya, Uganda, Rwanda, Ethiopia, and Tanzania.

Liked this article? Subscribe to DealStreet Africa News, our regular email newsletter with the latest news, deals, and insights from Africa’s business, economy, and more. SUBSCRIBE HERE

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.