African businesses are struggling to scale and grow businesses due to lack of funds. This is where the global crowd-funding platform, Malaik comes in.
Attracting funders from around the world, Malaik channels the funds it raises to small and medium sized enterprises (SME) around the African continent.
“Young companies all over Africa face a scarcity of funds to fuel their growth,” said Founder and Chief Executive Officer of Malaik, Neku Atawodi in a statement, something the platform is trying to change.
Atawodi believes that there is no shortage of good, actionable ideas in Africa but investors are deterred by the risk associated with the continent.
“The African narrative is changing for the better,” Atawodi said, “and the continent’s exponential growth in the last decade shows that an investment in impact focused African businesses can yield high returns.”
As testament to this, Malaik will be showcasing its first fully funded company, i-Drop, at FinovateEurope 2016 later this week. Malaik will be the only African company demonstrating a product at the conference.
Not content with one success, Malaik has issued a call to all African startups and SME’s with high-impact and original ideas to apply and start vying for potential investors.
For anybody interested in either funding a business, or if you’re an entrepreneur looking to getting your business funded, you can start doing either by visiting the Malaik website for more information.[Source – Malaik] [Image – Malaik]