Untapped Global Raises $10.3 Million Pre-seed Round to Build the Most Transparent
Untapped Global has financed assets for over 6,000 entrepreneurs across a dozen countries in Africa and Latin America, who work across sectors such as clean water, solar, e-mobility, and inclusive fintech. The company has an annual revenue run rate of $2.5M with a consistent profitable return on capital and was acknowledged by Fast Company as one of 2022’s Most World Changing Ideas.
The Untapped investment platform is currently accessible to accredited investors to use and see how their investments are performing in real-time. The platform is open for anyone to sign up, and will be available for retail investors at the end of 2022. Jim Chu, CEO of Untapped Global, says that the rapid digitization happening across Africa and other frontier markets makes now the ideal time to explore investing in these economies.
“There’s a $5.2 trillion funding gap for SMEs in emerging markets, such as Africa, Asia and Latin America,” said Chu. “We created Untapped to get capital to entrepreneurs in markets who are often excluded from funding opportunities, while simultaneously ensuring transparency for investors. This is just the beginning of the democratization of investing around the world. Our data has shown that for every $1 invested more than $3 of value is created in local economies.”
Investing with Untapped Global requires $300 USD to get started. Investors earn a passive income of up to 10% APR, while seeing real-time data on the impact and activity of their investments.
About Untapped Global:
Untapped Global is reshaping profitable investing in frontier markets through digitization and network effects. The company aims to empower the next billion entrepreneurs to scale to their full potential by connecting frontier market innovators to global investors online and in-person.
SOURCE Untapped Global