UNCAP OFFERS OPPORTUNITY FOR START-UP CAPITAL FUNDING

Award-winning FinTech Company, Unconventional Capital (Uncap) has opened applications to entrepreneurs of start-up ventures to apply for access to their early-stage capital. In a statement released, the company seeks to invest between 10,000 to 50,000 Euros (GH¢83,000 to 414,500) into selected entrepreneurial ventures to help improve its impact.

Founder and Chief Executive Officer of Uncap, Franziska Reh has reiterated her outfit’s commitment to providing the necessary resources among others to help build selected businesses.

“We are currently working on complementing our support to entrepreneurs with tools to diagnose your current gaps, access to the right resources and support providers as well as hopefully soon, automated connections with follow-on funding.”

According to them, the founders of these start-ups will undergo assessments and questioning during their application to quantifiably assess “the founder’s ability to grow and scale a great business.”

Investment Principal, Esther Ndeti, says one of the goals the company seeks to achieve is to empower women in the entrepreneurial space in order to give them a firm standing.

“Our aim is to enable female founders to get an equitable experience by re-defining their fundraising journey through Uncap’s automated, inclusive and data-driven process,”

The statement discloses that start-ups eligible would have to be in Kenya, Uganda, Rwanda, or Nigeria, and will be available until September 16, 2022. Applications will be available via the online portal.

Uncap was established in 2019 as a Fintech company, seeking to “make early-stage funding accessible to every good founder in sub-Saharan Africa.” It is on using inventive approaches to fund start-ups with “a remote, data-driven, and mainly automated process.”