Currently, 600 million Sub-Saharan Africans do not have access to electricity. These same people have no credit histories and do not have access to financial services. Pawame solves both of these challenges. The company electrifies off-grid homes with clean, modern solar home systems, and it uses a proprietary machine-learning-based algorithm to analyse repayment data in order to accurately assess a customer’s credit-worthiness.
Becoming an investor on the Eureeca platform is a simple process. Once you have registered and agreed to our Terms of Business, you then deposit funds into your Eureeca account. Once we have received these funds and completed our third-party compliance checks, you are ready to start investing.
“I suppose you can say that the entrepreneur in me first came to light several years ago when I appeared on the TV show The Apprentice – which I didn’t win! Since then I have created and developed a number of businesses and I am very aware of the importance of the right kind of external investment to support growth. In fact, I think it is one of the most important influencers on the success or failure of a business. ..
Here's a list of six of the top reasons why entrepreneurs and SME’s should use an equity crowdfunding campaign to raise capital for their business.
Any business that comes on to Eureeca has already passed our due diligence checks but, more importantly, the very nature of crowdinvesting (crowdfunding for equity) is that businesses are exposed to the crowd who will themselves ask questions, conduct due diligence and filter businesses over the 90 days they have to raise the funds.
Start with asking yourself one question: “What kind of financing do we need?” There are two main types of financing to consider: debt, which is in essence a loan that is paid back with regular interest payments, and equity, which involves the exchange of company shares for capital.
QuikWORK, the UAE's first job platform for part-time work looking to revolutionise short-term hiring in the region, is now seeking $300,000 through its equity crowdfunding campaign on Eureeca.
Jobedu, Amman-based Arab streetwear pop culture apparel and lifestyle brand with a regional and global reach, has launched an equity crowdfunding campaign on Eureeca to raise $250,000.
Founded by Tamer AlMasri and Michael Makdah in 2007, Jobedu has been carefully crafted to be the go-to brand for creative pop culture apparel and merchandise in the MENA region.
Whilst having a great business idea or invention is a solid foundation, it is rarely enough to guarantee success on its own. For that, you are likely to need capital and, unless you are extremely wealthy, then you will need to rely on external investment if you are to grow your business. Equity-based crowdfunding represents an attractive opportunity for many start-up and mid-early stage companies who are looking to raise capital.
Dukkaani, the Pan Arab smart shopping platform, is now seeking $500,000 via their equity crowdfunding campaign on Eureeca. Dukkaani, an Arabic term that means "My Grocery Store", enables and transforms all grocery shopping stores to sell their products online.