Untapped Global has received a pre-seed round of US$10.3 million in debt and equity to help develop its smart asset financing strategy, which funds revenue-generating assets for entrepreneurs and SMEs in Africa and Latin America.
Untapped Global, with offices in San Francisco, Africa, and Europe and an all-female investment leadership team, aspires to help the next billion entrepreneurs reach their full potential by linking frontier market innovators to global investors both online and in person.
The firm just launched its public beta platform, which uses real-time data to deliver transparency and insights to foreign investors wishing to invest in Africa and other emerging countries.
Smart Asset Financing employs IoT from on-the-ground assets to analyze investment risk and provide real-time data on investment performance to investors in order to ensure attractive returns.
The fast digitalization happening across Africa and other frontier markets, according to Jim Chu, CEO, and founder of Untapped Global, makes this the best time to investigate investing in these countries.
Accredited investors can now utilize the Untapped investment platform to track the performance of their investments in real-time.
Anyone can sign up for the platform, and retail investors will be able to use it by the end of 2022.
Untapped Global has financed assets for over 5,000 entrepreneurs working in areas such as clean water, solar, e-mobility, and inclusive fintech across a dozen countries in Africa and Latin America.
Read more on Tech Gist Africa:
Samsung plans to invest $356 billion to generate 80,000 new job opportunities
AfriLabs has launched an e-learning platform to foster innovation across Africa