About Uncap
Our vision is to give every good early-stage entrepreneur a chance to access funding, no matter their gender, educational background or location. Through our funding and growth platform, we are able to provide early-stage funding to thousands of entrepreneurs, unbiased and low-cost. We are creating a new approach to funding early-stage entrepreneurs, using a remote, data-driven, and largely automated investment selection process.
Our solution measures entrepreneurial potential through a series of tests that evaluates skills & behaviors correlated with entrepreneurial success. We conduct our evaluation and due diligence remotely then invest in successful applicants through a standardized revenue-sharing model. This highly automated approach allows us to provide funding to thousands of entrepreneurs.
Funding is one of the main barriers to equal opportunity. Access to funding is not only unequally distributed but also highly biased. The economic unattractiveness and limitations to scale of small ticket sizes further hamper the access to funding. This strips whole regions off the catalytic effect entrepreneurship can have on innovation, socio-economic development and job creation.
Eligibility Criteria
- Local founder with an early-stage company and a scalable business model.
- Must be located in Kenya, Uganda, Rwanda or Nigeria.
- Must be generating revenue traction.
Benefits
- No collateral.
- Unbiased decisions based on data to eliminate biases.
- Between 10,000 – 50,000 USD equity to cover your early-stage funding need.
Why apply
- Smart, innovative early-stage funding.
- Real-time financial analytics at your fingertips.
- Curated resources and high class training to help you grow.
Requirements
- Document of your registration as a company limited by shares.
- Your most current tax certificate.
- ID for verification process.
- Business bank account details.
- Do your bookkeeping with a web-based accounting software.
According to the organizers, the application process is completely automated, unbiased, and focuses mostly on assessing the applicants’ entrepreneurial potential instead of pitch decks, business plans etc.