Africa, entrepreneurship and innovation are said to be the key to development.
Small and medium-sized enterprises (SME’s) are the primary job creation engine
in Africa, accounting for over 95% of firms and 60%-70% of employment. However,
SME’s on the continent report access to finance as the biggest obstacle to
growth. There is no lack of good ideas.
struggle to access the funds needed to bring their ideas and businesses to
scale. Malaik, a global portal for high impact investing in African businesses,
today launched a call for applications to African entrepreneurs with impact
focused businesses. The portal offers opportunities for the global crowd to
invest in Africa’s growth story.
impact businesses that could not only positively impact Africa, but the world,
“said Neku Atawodi, Founder and CEO of Malaik. Access to finance has
always been a tough challenge to overcome and people have typically not wanted
to invest in African businesses as they have historically been considered too
risky. However, the African narrative is changing for the better and the
continent’s exponential growth in the last decade shows that an investment in
impact focused African businesses can yield high returns.”
first company i-Drop water to the tune of over a quarter of a million dollars
and has been chosen to demo its unique innovation on stage at one of Europe’s
largest technology in finance conferences FinovateEurope 2016 in London from
the 9th-10th of February. FinovateEurope is one of the biggest financial
conferences in Europe and attracts the most notable players in financial
services technology from across the world. Malaik will be the only African
company demo’ing at the conference.
funds to fuel their growth,” said Atawodi. “Apart from banks and
occasional angel investors, there is often nowhere to turn. Malaik is turning
this crisis into an opportunity for start-ups and investors alike by offering
stakes in young African companies to the crowd. Our unique impact tracker means
that investors can track their investments’ impact on the platform.”
applications to join the Malaik platform as an opportunity to raise funds for
their businesses. Open to start-ups with high impact, innovative, original and
diverse ideas ready for potential investment. On passing Malaik’s due diligence,
start ups now have the opportunity to attract a diverse crowd of investors and
supporters via equity finance.
African businesses, offering opportunities for the crowd to invest in Africa’s
growth story. Malaik’s impact-focused approach to equity crowdfunding is unique
and focused on Africa. Malaik gives investors access to the continent’s
opportunities, and mediates its risks with a four step due diligence process.
This combination is a fresh application of technology that can unlock massive
potential in the world’s most promising markets.