Before you can request access or make commitment to a deal you mast have the Following profile item completed:

Please click on the below button to complete the required profile items. After you successfully complete your profile, you will be redirected back to this page and the request will be processed automatically.

Umoya!

Connecting Lives is a business that has the power to change lives through connectivity. Connecting Lives has over 35 years of experience in the connec...

Funding Target: ZAR 4,250,000
Goal: ZAR 9,000,000
Invest Now

Your Money Back

If the project does not reach its desired target by the target date you will get your money back excluding processing fee.

Safe

Administered by Grovest. GoGetta is an authorised financial services provider.

Vetted

All campaigns are strictly vetted for validity, viability and compliance before being approved for public funding.

Raise Details

Campaign Deal Type

Equity

Funding Target

Investing Goal

Price Per Share

ZAR 1,000

Available Shares For Subscription

9000

Equity Available

20%

Business Valuation

ZAR 42,500,000

Open Date

Closing Date

Business Overview

Connecting Lives is a business that has the power to change lives through connectivity. Connecting Lives has over 35 years of experience in the connectivity space and have witnessed the speed at which the telecommunications industry has evolved over the last few years. A large part of the market, who need connectivity now more than ever, have been neglected. With learning transitioning into the online space at a school and university level, students are unable to attend class regularly due to lack of infrastructure and affordability. As well as many rural areas and towns also lacking reliable solutions.

Connecting Lives has identified that Fibre Network Operators are moving beyond the middle-income areas to more densely populated areas which in turn increases the market size by c. 3.5 times. In a country where approximately 24% of South Africans are between the ages of 18 and 24 actively searching for better service providers. This has presented an increased demand for data and a significant decline in the demand for airtime.

Umoya! will provide fast, reliable and low-cost internet using wireless-spectrum technology which has been proven to provide better internet in rural areas than any other wireless technology in the market. The key drivers for Umoya! to be present in underserviced communities is that families require immediate network adjacencies, small businesses require reliable support structures and effective communication channels. There further exists a strong desire for media entertainment amongst both the young and old. Lastly, Covid-19 had a huge impact on the household income levels of consumers in these communities, and with the competitive prices that Umoya! will bring to these markets it has a unique selling point to service these communities.

Connect with Business

Highlights

Provides the most affordable data in South Africa.

Does not require a SIM Card nor does it require RICA.

Enables a rise in social entrepreneurship.

Best commission to merchant rate in South Africa.

Elevator Pitch

Connecting Lives will provide low-cost Internet using wireless-spectrum technology which has been proven to provide better internet in rural areas than any other wireless technology in the market. This low cost but high-speed internet will be sold to consumers in the form of vouchers.

Communities will, in turn, have access to online opportunities and the opportunity to make use
of free educational resources through Connecting Lives. The wireless technology uses idle broadcast spectrum on a secondary basis to bring broadband connectivity to the affected communities. 

This type of technology provides a cost-effective solution to supply affordable internet connectivity to underprivileged communities. Globally, multiple wireless-spectrum projects for commercial applications are currently operational - providing internet connectivity to inaccessible areas.

Previous Investments

Raise Source: Private Investor/(s)

01-03-2022

Top Investor

Grow Legacy

Comments

This section is only available to members who have created an account.

Request Access

Documents

Executive Summary / Pitch Deck
5 Year Financial Forecast
Business Plan

Investor Details

This section is only viewable to those who are granted full or partial access to the investors.

Request Access

Before you can request access or make commitment to a deal you mast have the Following profile item completed:

Please click on the below button to complete the required profile items. After you successfully complete your profile, you will be redirected back to this page and the request will be processed automatically.

You have not done your KYC approval process

Please click on the below button to complete the KYC approval process

Admin have not Approved your KYC request. Please contact admin to process further.

Admin have rejected your KYC request. Please contact admin to process further.