Business
Uncap aims to Bridge the Funding Gap for African Entrepreneurs
To be eligible for funding, applicants must be registered as limited companies based in Kenya, Uganda, Rwanda, or Nigeria
NAIROBI, Kenya, July 21, 2022/APO Group/ —
Uncap (www.Unconventional.Capital), an award-winning platform aimed at providing access to early-stage funding for entrepreneurs in Africa is putting out the call for start-up businesses to apply for the chance to receive early-stage capital ranging between 10,000 EUR and 50,000 EUR.
To be eligible for funding, applicants must be registered as limited companies based in Kenya, Uganda, Rwanda, or Nigeria, have at least 12 months of revenue traction, have well-kept records of business operations, and a scalable business model.
Applications are open to founders in any sector – not just tech. Uncap has a ‘do-no-harm’ policy: it does not invest in businesses or individuals that hurt people or the environment.
Uncap’s application process is fully remote and focuses on quantifiably assessing the founder’s ability to grow and scale a great business. Applications are made online through the Uncap portal (https://bit.ly/3Oi8Zsw) where founders complete a series of questions and assessments. There is no need for pitch decks, and no collateral is required. Uncap then chooses which businesses to invest in using a data-based selection process.
Uncap invests through redeemable equity-revenue-based financing ‘RBF’ that is designed to meet the needs of early-stage businesses. RBF is a form of capital raising where investors agree to provide capital to a company in exchange for a certain percentage of the company’s ongoing total gross revenues. Uncap purchases shares that can be redeemed by the company at a pre-agreed multiple using a percentage of their monthly revenues.
Empowering African Entrepreneurs
Our aim is to enable female founders to get an equitable experience by re-defining their fundraising journey through Uncap’s automated, inclusive and data-driven process
Founded in 2019, Uncap’s goal is to make early-stage funding accessible to every good founder in sub-Saharan Africa. One of the barriers to equal opportunity in growing a business is access to early-stage funding, which is unfairly distributed and highly biased in regard to gender, education, and location.
Uncap was founded to create a unique and innovative new approach to funding early-stage entrepreneurs using a remote, data-driven, and mainly automated process. Its vision is to provide talented entrepreneurs access to capital critical to their success, regardless of their gender, education, social background, or location. One of Uncap’s main goals is to empower female entrepreneurs who are underrepresented in many sectors.
“Our aim is to enable female founders to get an equitable experience by re-defining their fundraising journey through Uncap’s automated, inclusive and data-driven process,” says Esther Ndeti, Investment Principal at Uncap.
In 2020, Uncap invested in 27 businesses and in 2021 70 offers were made from over 800 complete applications. This year it plans to more than double last year’s figure. Uncap already made its first exit in 2022 from Ava Juliet Productions.
“Uncap supported my media production company expansion during the pandemic. I required the funds for operations, salaries, equipment, and insurance, says Nathan Magoola Ava Juliet Productions founder & content producer. “Uncap’s flexible repayment method stood out to me as they were dependent on my revenue performance.”
How to Join Uncap’s Revolution
Businesses can apply for Uncap’s funding on the online portal. Applicants simply create an account and provide their business details. Once the application process (a mix of cognitive & and personality assessments about the applicants, their business skills, and financial insights) is completed, they will be notified if shortlisted. Once the investment contract is signed, they gain access to automated KPI analysis and access to resources. The selected founders will also become a part of, and have access to, Uncap’s growing network of entrepreneurs.
“We are currently working on complementing our support to entrepreneurs with tools to diagnose your current gaps, access to the right resources and support providers as well as hopefully soon, automated connections with follow-on funding,” says Franziska Reh Uncap’s CEO and founder.
Applications open on 18th July and will run till 16th September. Join Uncap’s funding revolution by registering now to get access to funding for an early-stage business.
Distributed by APO Group on behalf of Unconventional Capital.
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Events
As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world
The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation
Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.
Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.
The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.
“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.
“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”
The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.
Key challenges driving the debate
Core focus areas for this year’s edition of The Africa Debate include:
This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy
Global Realignment & New Partnerships
How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.
Financing Africa’s Future
The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.
Strategic Value Chains
Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.
Digital Transformation & Technology
Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.
The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.
Registration is now open (http://apo-opa.co/46b19gj).
Distributed by APO Group on behalf of Invest Africa.
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