The peer-to-peer solar leasing platform, Sun Exchange, has launched a R7 million ($460,000) Uprise.Africa equity crowdfunding campaign, for approximately 5.2% equity stake in the company.
Following a two-week private sale period, the Uprise.Africa campaign is now open to the public.
“We’re thrilled to partner with Uprise.Africa to create an opportunity for anyone to invest in Sun Exchange, own part of one of the most disruptive companies across the African continent, and benefit from our continued growth and success,” said Sun Exchange’s Founder and CEO, Abraham Cambridge.
Cambridge continued: “Decentralisation, democratisation, and profits with purpose are core values for Sun Exchange. We believe in the power of the crowd and people’s ability to unite to create lasting positive social and environmental impacts, while also earning solid financial returns. This equity crowdfunding campaign epitomises those values.”
The Sun Exchange Uprise.Africa equity crowdfunding campaign is part of a $3 million seed funding round, of which the solar leasing platform, has raised about $800,000 to date from international investors, including $500,000 from the multi-million-dollar hedge fund, Alphabit Fund.
The Uprise.Africa crowdfunding campaign is open to anyone over the age of 18, anywhere in the world, who is interested in supporting and benefiting from the Sun Exchange mission of connecting the world to the sun.
The minimum investment on Uprise.Africa is R3,000 ($198).
Individuals who are interested in participating in the campaign and investing in Sun Exchange can do so by creating an Uprise.Africa account and visiting the Sun Exchange campaign web page on the Uprise.Africa website.
“Uprise.Africa supports organisations that demonstrate it’s possible to run a successful business while creating significant positive social and environmental impacts,” said Patrick Schofield, co-founder, Uprise.Africa.
“Sun Exchange is an African success story on the fast-track to revolutionising energy and finance and we are delighted to be part of that journey,” Schofield added.