Uncap

What we do

Uncap provides innovative, automated, and unbiased funding to early-stage founders in sub-Saharan Africa. We invest ticket sizes of between 10,000 EUR and 50,000 EUR using a remote, data-driven, and mainly automated process.

How we do it

Uncap’s application process focuses on quantifiably assessing the founder’s ability to grow and scale a great business. Applications are made online through the Uncap portal where founders complete a series of questions and assessments. There is no need for pitch decks, business plans, lengthy meetings, or investment committees, and no collateral is required.

We invest through redeemable equity-revenue-based financing ‘RBF’ that is designed to meet the needs of early-stage businesses. This means that we purchase shares that can be redeemed by the company at a pre-agreed multiple using a percentage of their monthly revenues. 

Why we do it

Founded in 2019, our goal is to make early-stage funding accessible to every good founder in sub-Saharan Africa. One of the barriers to equal opportunity in growing a business is access to early-stage funding, which is unfairly distributed and highly biased in regard to gender, education, and location.

Criteria

• Early-stage founders in Nigeria, Kenya, Rwanda, and Uganda
• At least 10,000 EUR of revenue traction over the last 12 months
• Scalable business model Well-kept records of business operations
• Registered limited company
• Industry agnostic

Uncap 2022 Cohort