GetEquity and WeFunder to announce new partnership

Nigerian investing platform, GetEquity launched with the goal of "changing the status quo of startup finance and venture capital in Africa." The company claims it wants to make fundraising for African entrepreneurs simple and rapid, as well as assist regular people have a piece of the expanding startup environment.

GetEquity is a product of a number of iterations, co-founded by Jude Dike, William Okafor, and Temitope Ekundayo, and launched in July 2021. It's a platform that allows entrepreneurs, investors, and other interested parties to locate and invest in early-stage startups, pre-IPO firms, local SMEs, and digital security assets. Its goal is to democratize startup funding by 'unlocking global money' for Africa's underfunded and underrepresented entrepreneurs.

The company recently posted a tweet announcing a new partnership program with WeFunder to expand its operations. WeFunder is like a “Kickstarter for investing” It allows friends, customers, supporters, and communities to invest in your company with one entry on your cap table, according to the company’s website. 

“GetEquity is challenging the status quo of startup financing and venture capital. We are democratizing access to startup funding and thereby expanding the pie for previously underfunded and underserved startups. This pre-seed round investment will enable us to kickstart our vision of building Africa’s biggest startup financing ecosystem,” said GetEquity co-founder and chief executive officer (CEO) Dike Jude.

GetEquity is a venture portfolio management and fundraising platform that promises to remove friction between founders and the money they require by providing them with a diverse choice of funding possibilities. Startups can utilize its platform to pitch themselves to institutional investors and the general public. Anyone can buy ownership in a publicly traded firm for as low as US$10 through GetEquity. Greenhouse Capital, a prominent African fintech investment fund and platform focused on assisting early-stage firms and world-class developing market entrepreneurs, led a six-figure pre-seed round of funding for GetEquity. This will aid in the company's objective to democratize startup funding in Africa.

The fintech allows users to invest in tokenized assets (digital copies of real-world security assets), which the company claims are safer and more easily traded. When you want to sell your shares, you put in the amount you want to sell and wait for an interested buyer on the platform, which operates similarly to the peer-to-peer mechanism used on cryptocurrency exchanges.

The startup’s funding platform is available on the web, Android, and iOS devices. Breeze, which facilitates currency conversions and transfers for businesses; Onboardly, which helps organizations automate their employee onboarding experience; Nguvu Health, which provides users with affordable and on-demand teletherapy access; Fluidcoins, which helps African users receive payments in cryptocurrencies; and WeMove Technologies, which provides transportation and logistics services to the supply chain sector, are among the startups listed at the launch.