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.
- 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
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