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malaik

High-impact investing portal Malaik calling for startup applications

Global portal for high-impact investing, Malaik, is calling for startup applications. The portal offers opportunities for global equity investment in African startups.

“Africa is brimming with entrepreneurs with growing high-impact businesses that could not only positively impact Africa, but the world,” says founder and CEO of Malaik, Neku Atawodi.

The programme is open to startups with high-impact, innovative, original, and diverse ideas ready for investment.

Investors will gain access to potential startups, as well as mitigating investment risk with a four-step due diligence process. They are also able to track investment metrics.

“Our unique impact tracker means that investors can track their investments’ impact on the platform,” she says.

Atawodi says funding for African startups has always been a tough challenge as investors have typically not wanted to invest in African businesses due to risk. “Apart from banks and occasional angel investors, there is often nowhere to turn,” adds Atawodi.

Read more: Everything you need to know about the South African startup ecosystem [2015/2016 Update]

“However, the African narrative is changing for the better and the continent’s exponential growth in the last decade shows that an investment in impact focused African businesses can yield high returns,” says Atawodi.

Since launching, Malaik has been able to fully fund its first startup, i-Drop Water with over a quarter of a million dollars in funding. The startup has been chosen to demo at FinovateEurope 2016 in London.

Those interested in applying can do so through the Malaik website.

Author Bio

Graham van der Made: Editor
Graham started out as an electronics manager at Take2 Home Entertainment and went on to spend a further ten years in the South African ecommerce industry. During this time, Graham founded and managed an online geek and hobby shop. He has always had a passion for writing and has... More
  • Aime-Lebon

    I hope this will be materialized and landed so many Entrepreneurs in our Mother Land Africa in long awaited VC who will speak and understand our native business language. I am into Healthcare and Climate Change Promoter co-founder of 2M Green Technologies a Sturtup in Windhoek Namibia Providing solution to Livestock Green Fresh Feeds in Namibia combating the severe drought the country has been experiencing .
    Twitter: Plug_inProfit