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Uprise Africa explained in a statement today that the deal will see those startups which are on Uprise.Africa’s incubator board which have successfully raised capital get listed on the ZAR X stock exchange.
Uprise.Africa CEO Tabassum Qadir (pictured above), commenting in the same statement, said the two companies are simplifying venture capital through what she described as a mutually beneficial partnership for both entrepreneurs and investors.
ZAR X CEO Etienne Nel said the partnership will give crowdfunding investors transcatability in their investments
“It means when you have a business idea, you can leverage the Uprise.Africa platform to potentially raise capital for it quickly and can ultimately list on a licensed stock exchange, making your shares tradeable,
“We aim to disrupt the country’s traditional funding landscape by providing an alternative method for small businesses to raise capital. This is innovation for us, and we are excited to partner with ZAR X,” added Qadir.
ZAR X CEO Etienne Nel said the stock exchange is “delighted” to partner with Uprise.Africa to bring a new product to the capital markets space and give crowdfunding investors transactability in their investments. This, Nel said, ultimately drives financial inclusion and job creation.
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Featured image: Uprise.Africa CEO Uprise.Africa CEO Tabassum Qadir (CityNews INTL via Twitter)