Global Voice Group (GVG), an ICT and reg-tech solutions provider for governments and regulatory bodies is seeking to invest up to $300k into African reg-tech startups in a bid to help scale them.
Selected companies will have the opportunity to access up to US$300,000 in funding, though the average ticket size will be between US$30,000 and US$100,000. GVG’s preference is to invest for the longer-term where synergies with the startups are strong and realisable, and no exit terms are required.
In a statement, James Gabriel Claude, chief executive officer (CEO) of GVG said, “Our aim is to invest in or partner with exceptional entrepreneurs that have unique ideas to assist them in scaling their business models to generate sustainable growth. We do this by leveraging our expertise, access to markets, data and technologies, and by funding these exciting young companies.”
Based in Spain and South Africa, GVG, was founded in 1998 and assists governments and authorities, through Big Data analytics, in their digital transformation and the effective promotion of compliant and truly inclusive digital ecosystems.
GVG is looking for African startups in the ICT sector, where synergies are obvious with GVG’s core business. Specific focus areas are Digital ID/Mobile ID; Artificial Intelligence/Business Intelligence; Blockchain; Data analytics; Mobility data; Digitisation of national payments systems; Payment gateways focusing on interoperability; and Digital addressing and verification systems. Any other startup in the gov-tech or reg-tech and telco space is also of interest.
Applications are invited here from startups with large addressable markets, with a clear geographical preference in Africa, but with capabilities to add value globally. GVG is also prioritising clear business models, competitive advantages and barriers to entry, and the ability to scale across various markets. Startups must have realisable financial models (technologies that are scalable via a B2G model are preferred), and high quality management teams.
Applications for funding and support from GVG are open here until December 18, 23.59pm SAST. Applications will be considered for the duration of the window, but the level of support available is capped and those received in the first three weeks will be prioritised.