Uncap was established in 2019 with the intention of enabling all deserving founders in sub-Saharan Africa to access early-stage investment.
Access to early-stage finance, which is unevenly dispersed and severely prejudiced in regard to gender, education, and region, is one of the obstacles to equal opportunity in business growth.
According to Esther Ndeti, Investment Principal at Uncap, “Our goal is to empower female founders to have an egalitarian experience by redefining their fundraising path through Uncap’s automated, inclusive, and data-driven methodology.”
Uncap was established to provide a special and cutting-edge new method of supporting early-stage business owners through a remote, data-driven, and largely automated procedure.
Its goal is to give talented business owners, regardless of their gender, educational level, social standing, or region, access to the financing they need to succeed. Empowering female entrepreneurs, who are underrepresented in numerous industries, is one of Uncap’s key objectives.
It has invested in 27 enterprises in 2020, and from more than 800 complete applications, 70 offers were made in 2021. It intends to more than quadruple last year’s amount this year and previously left Ava Juliet Productions in 2022 for the first time.
On the online application form, businesses can request money from Uncap. Applicants only set up an account and provide their company information. They will be informed if they have been shortlisted after the application procedure, which entails a variety of cognitive and personality tests, business skills, and financial insights is finished.
Once the investment contract is signed, they have access to resources as well as automatic KPI analysis. The chosen founders will also join Uncap’s expanding network of businesspeople and have access to it.
Requirements and the deadline for application
Applicants must have a scalable business strategy, be registered as limited companies with headquarters in Kenya, Uganda, Rwanda, or Nigeria, have at least 12 months of revenue traction, and meet other requirements in order to be considered for funding. All founders are welcome to apply, not just those in the technology industry.
The application period begins on July 18 and lasts through September 16. Sign up right away to take part in Uncap’s fundraising revolution and have access to capital for startup companies.
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