Uncap Unveils $33 Million Fund to Empower African SMEs with Innovative Financing
Tech In Africa | Sylvia Duruson - Sep 20, 2024

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- Launch of a $33 million fund by Uncap for SMEs in Africa.
- Introduction of a non-dilutive, revenue-based financing model.
- Collaboration with partners like O-Farms and SAIS for growth opportunities.
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The introduction of Uncap's fund represents a pivotal shift in how SMEs in Africa can access financing without sacrificing ownership. This innovative approach could inspire other venture capital firms to rethink their funding models, ultimately fostering a more sustainable entrepreneurial ecosystem in the region.
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