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.