The process
How you get funding
We carefully assess the companies we invest in, and work with them to enhance their foundation and realize their full potential.
1
Expression of interest
A start-up reaches out to AfriNext and expresses interest to be a part of our team.
2
Initial Pitch
AfriNext reaches out to the start-up that has expressed interest and invites them for a presentation.
3
Submission of Documents
If the pitch is successful, the start-up submits their documentation which is majorly the business plan, fundraising needs, key metrics, target market and financial goals.
4
Due Diligence
AfriNext examines the company's financials, comparing them over time, and benchmarking them to similar businesses.
5
Negotiation of Terms
The start-up and AfriNext meet and come up with terms that are agreeable to both parties for example, coming up with a suitable percentage of equity.
6
Offer Acceptance
If agreed, AfriNext gives the start-up an offer as discussed.
7
Legal Documentation
The start-up submits legal documents like the company CR12, directors’ ID card.
8
Monthly Investor Updates
The start-up has to communicate on their monthly progress with AfriNext.
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