Crowdinvest has launched today in SA and is probably Africa’s premier crowd-sourced investment platform set to allow even those without much to invest in what the founder say is a revolutionary move to break the breakers against a broad segment of the population.
Crowdinvest is a web-based platform allows users to inject their money into projects they rate and also gives them access to necessary capital and intellectual resources.
Anton Breytenbach, an entrepreneur from Cape Town, who founded the platform says he was concerned that a large part of the population had believed that they would never raise enough capital to invest. This is what inspired him to set out this model to allow as many be investors and earn returns from their investments even if minimal.
He said:“Many South Africans simply don’t consider investment to be an option, as the vast majority of investment classes require at least R500,000 worth of capital.”
And added, “Investor’s co–operations can prove to be an effective solution, but the reality is that few of us have sufficient connections to make these happen. Crowdinvest was devised as a tool to make an investor out of anyone, capitalising on the power of online networks to allow like-minded individuals to effectively collaborate on investment opportunities.”
Apart from new investors utilizing the scheme, he says the platform also gives seasoned investors an opportunity to diversify their investment portfolios, spread their risk, and avoid losses.
He himself says he suffered the struggle to source angel and venture capital but now the platform will wipe those obstacles away.
He said:“South African entrepreneurs are very limited when it comes to financing options, and as a result, many great start-ups never make it to fruition,” and added, “Crowdinvest makes capital far more readily available to a wide range of potential entrepreneurs, and this solution will hopefully empower them to take that next step and convert their concepts into successful enterprises.”
Here is more from the founder.