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Cameroonian financial technology company Guanxi Investment launches 1st crowdfunding platform in Central Africa

Cameroonian financial technology company Guanxi Investment launches 1st crowdfunding platform in Central Africa
  • Comments   -   Thursday, 18 May 2017 06:27

(Business in Cameroon) - Two young Cameroonians, studying Finance in France, have just launched a crowdfunding platform, enabling companies to raise funds from the general public, by selling them shares. Through this initiative, the Cameroonian financial technology company specialising in equity crowdfunding claims to give a solution to financing for “little sprouts”, revealed Cédric Ngondi, one of the co-founders of Guanxi Investment. 

In order to truly “make investment more accessible to all”, the sponsors of this crowdfunding platform set the unit price per share to sell to potential buyers at FCfa 10,000. In addition to equity crowdfunding, the start-up based in Akwa in Douala, a business area in the Cameroonian economic capital, also offers business consultancy services to companies.

“At the origin of this company of a new genre are two young Cameroonians from the diaspora aware of the dire need to invest in Cameroonian SMEs, which bring growth to the entire economy, and convinced that crowdfunding was always part of the African cultural heritage”, explains Cédric Ngondi.

BRM

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