3 SMEs Raise N100m In 10 Days Through Regulation Crowdfunding

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3 SMEs Raise N100m In 10 Days Through Regulation Crowdfunding News

“All the fundraisers have a good corporate governance record and are SMEDAN-registered. The 3 most promising small and medium enterprises that have their securities offerings hosted are, namely: Imose Technologies Limited, Alatiron Nigeria Limited and Q21 Solutions Limited.

“Access to advisory services and access to markets weighed in at a distant second and third. According to the Credit Bureau Association of Nigeria , only four percent of the 40 million SMEs have access to credit from Nigerian banks. 80% of new SMEs in Nigeria thus die before their fifth year. Specifically, when asked what they value most, regulated products , small ticket sizes , money-on-demand without a withdrawal penalty , short-term securities , weekly coupon payment , Web3-first approach and Community Subscription Offer Plans had a combined response rate of 80%. Outsized returns ranked a distant eighth. On aggregate, individual investors are most interested in near-term liquidity .

“SME financing is at an inflection point. We have been presented with a once-in-a-lifetime opportunity to win customer primacy and we intend to seize it with both hands.” “This is a critical first step in our aspiration to build technology that can create a single Capital Market”, said Salvation Arinze, the Chief Technology Officer. “We are an innovative provider of online retail and SME financial and lifestyle services”.

 

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