By Andiswa Mosetlhi
At a prescribed minimum price of R4 per share, investors can offer to buy into the developers of eChankura – Africa’s fully integrated Finance and Commerce platform.
Financial technology company, Tafari Capital has today announced plans to make 5 000 000 shares available to venture capitalists at a minimum prescribed price of R4 per share. Until 30 September, interested parties are invited to offer to purchase a prescribed minimum of R1000 and a prescribed maximum of R3 million in equity per individual or trust or stokvel or company. Interested parties can click on https://tafaricapital.co.za/join-us/ or go to My Investmentbutton in the eChankura app itself to register their interest to participate in the capital raise.
The proceeds of the capital raise will be used, primarily, to mobilise plans to launch Tafari Capital’s flagship platform and Africa’s first fully integrated Finance and Commerce platform, eChankura, which seeks to address the extensive needs of African consumers, entrepreneurs, and businesses by providing transactional accounts to the unbanked and underbanked and providing subsistence entrepreneurs with access to markets. eChankura is a product of Tafari Financial Services, an Authorized FSP and a registered Juristic Representative of The Financial Studio for Insurance Products.
“The platform opens a world of possibilities as it offers zero fees for both personal and business accounts while only charging merchants and advertisers a fee per transaction. Entrepreneurs and SMEs will have a choice between free Online stores and the paid for enterprise version with more features. They will be able to buy products like airtime, electricity, funeral covers and make payments from the comfort of their homes.”
Tafari Capital is now listed in the Open Banking Directory, a global listing of Banks, Neobanks, Fintechs and APIs which embraces the concept of open banking. Tafari Capital is responding to South Africa’s unemployment crisis by creating thousands of verified self-employed agents throughout the country as distribution points for its products and services. It will also provide, in partnership with the The StartUp Tribe, free access to world-class practical entrepreneurship courses to help people to start and grow their businesses.
In addition to fintech, Tafari Capital also operates in the health tech and consumer services technology spaces. We developed and own the intellectual property for the eChankura platform as well as the Covid-19 contact-tracing ‘Citizens’ App developed for the Government of Lesotho, with which it has just signed a Memorandum of Understanding. There is also SmartCarwash, a car wash booking app that was due to be rolled out at all 26 (twenty-six) University of South Africa campuses before Covid-19 restrictions came into effect, as well as Qber, an innovative Queue Management System.
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About Tafari Capital
Tafari Capital is a 100% black-owned Technology holding company operating within the fintech, health tech and consumer services technology spaces. It comprises over 100 successful black professionals and entrepreneurs concerned about financial inclusion in Africa. They have come together to develop a platform of products and services that will grow capital for underserved communities. In 2019, Tafari Capital, acquired 100 % of TechTrend Global (Pty) Ltd in two tranches, currently trading as SmartMyCompany.com, which is a start-up that has made strides in establishing a competent technical team with sought after skills in fintech software as a service, cloud computing and mobile applications development including Blockchain technology.
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For more information, Contact:
Andiswa Mosetlhi, andiswa@digitalshero.co.za