Online investment platform for investment opportunity
JOHANNESBURG – A alternative for people who want to start businesses but have no capital.
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When you start a small business, at times, it is not easy to get credit.
Midrand company LanteOTC, a new online investment platform, offers an alternative fundraising route for growing businesses or new great ideas.
Managing director at LanteOTC, Emmanuel Luthuli said, “LanteOTC is an alternative to seeking a bank loan or venture capital. From research, similar platforms worldwide have shown that crowdfunding or co-investing is more beneficial to the entrepreneur.”
Through the company, entrepreneurs have the option to either raise debt or equity capital at reasonable interest rates and benefits to the investors. The goal is to broaden the on-ramp for ambitious small and medium businesses to participate in the mainstream.
“We only feature highly-vetted companies,” said Luthuli.
“Our risk team performs its selective screening process on each company. Thereafter, we prepare the pitch deck which will include a mini-prospectus, financials, an actuarial analyst report and video pitch, plus more – basically everything an investor needs to make an investment decision or simply just to back a small business you believe in.”
Luthuli added that the company gives support before, during and after fundraising to ensure that businesses have the best opportunity for success and that their investors are part of it. “It’s at the heart of everything we do. There is a direct proportion between risk appetite increase and job creation and success. South Africans need to come together on this for small businesses to thrive,” he said.
Details: www.lanteOTC.co.za