A unique African crowdfunding campaign is now open to the public

first_img TAGSdemocratisationfundingIoT Previous articleTen East African utility CEOs set to meet in NairobiNext articleExploring distribution network automation options Babalwa BunganeBabalwa Bungane is the content producer for ESI Africa – Clarion Events Africa. Babalwa has been writing for the publication for over five years. She also contributes to sister publications; Smart Energy International and Power Engineering International. Babalwa is a social media enthusiast. Individuals who are interested in participating in the campaign and investing in Sun Exchange can do so by creating an Uprise.Africa account and visiting the Sun Exchange campaign web page on the Uprise.Africa website.  Read more stories about funding models The Uprise.Africacrowdfunding campaign is open to anyone over the age of 18, anywhere in theworld, who is interested in supporting and benefiting from the Sun Exchangemission of connecting the world to the sun. AFD and Eskom commit to a competitive electricity sector Featured image: Stock “We’re thrilled topartner with Uprise.Africa to create an opportunity for anyone to invest in SunExchange, own part of one of the most disruptive companies across the Africancontinent, and benefit from our continued growth and success,” said Sun Exchange’sFounder and CEO, Abraham Cambridge. “Sun Exchange is an African success story on the fast-track to revolutionising energy and finance and we are delighted to be part of that journey,” Schofield added. RELATED ARTICLESMORE FROM AUTHOR Sign up for the ESI Africa newsletter The peer-to-peer solarleasing platform, Sun Exchange, has launched a R7 million ($460,000) Uprise.Africaequity crowdfunding campaign, for approximately 5.2% equity stake in thecompany. The minimum investment on Uprise.Africa is R3,000 ($198). “Uprise.Africasupports organisations that demonstrate it’s possible to run a successfulbusiness while creating significant positive social and environmental impacts,”said Patrick Schofield, co-founder, Uprise.Africa. Generation The Sun Exchange Uprise.Africa equity crowdfunding campaign is part of a $3 million seed funding round, of which the solar leasing platform, has raised about $800,000 to date from international investors, including $500,000 from the multi-million-dollar hedge fund, Alphabit Fund. Finance and Policy Cambridge continued: “Decentralisation, democratisation, and profits with purpose are core values for Sun Exchange. We believe in the power of the crowd and people’s ability to unite to create lasting positive social and environmental impacts, while also earning solid financial returns. This equity crowdfunding campaign epitomises those values.” Low carbon, solar future could increase jobs in the future – SAPVIA Following a two-weekprivate sale period, the Uprise.Africa campaign is now open to thepublic.  BRICS UNDP China, CCIEE launch report to facilitate low-carbon developmentlast_img read more