May 30, 2019 IBOMLLC Team

SA’s Intergreatme closes Crowdfunding campaign after raising $2.19m in two weeks

Innov8tiv
Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

Intergreatme is a regtech startup from South Africa, which recently closed its equity crowdfunding campaign on Uprise.Africa after securing $2.19 million (ZAR32.436 M) from 406 investors.

The startup developed a web and mobile app platform that revolutionizes onboarding for businesses and has digitized personal information for more than 25 million credit-active people in South Africa.

Integreatme took to Uprise.Africa on May 17 with a goal of raising $1.67 million for 20% equity in its shares. In six days, the campaign received $1.98 million (ZAR28.5 m) from 169 investors.

It closed the campaign shortly after hitting the ZAR32 million mark, but in return, it forfeited 25% of its equity to the investors. Integreatme says the money raised will be put towards creating a self-service platform for SMEs and adding more features and functionalities to its mobile app.

Some of the new features and functionalities said to be currently in work includes a digital affidavit, QR information sharing, driver’ license, digital ID, and trusted connections.

Three years ago, Intergreatme was started with a purpose to solve a real problem that affects millions of people in South Africa and billions …read more

Read more here:: SA’s Intergreatme closes Crowdfunding campaign after raising $2.19m in two weeks

      

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