Uncap Unveils $33 Million Fund to Empower African SMEs with Innovative Financing
- 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.
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.
