Investmint

Investmint’s vision is to support the South African SME economy through creating a community where those who have are able, can now support those who need.

ZAR
2534000
raised
of
ZAR
3200000
goal
days to go
Minimum target:
ZAR 1,500,000
This campaign was successfully funded, and is closed for further investments

Overview

campaign deal type

Equity

available equity

21%

price per share

ZAR 1,000

available shares

3200

investment term

6 years

targeted return

3.83x

targeted rate of return

27.33%

Raised

2534000

Investors

24

Targeted Return

3.83x

Business valuation

ZAR 15,461,618

The Problem

The Investmint history starts with Gareth, the Company’s CEO. As a chartered accountant running an accounting practice, Gareth regularly had discussions with clients who were struggling to access financing through traditional channels. In particular, one client had received a purchase order from a well-known retail company but couldn’t raise the funds required to purchase the bottles for his beverage in order to fulfil the order. Gareth contacted a few friends and raised the capital needed by the client. 

After repeating the process a few times, Gareth expanded the offering to other clients also needing financing to fulfil orders and immediately saw the positive impact access to funding had on clients’ businesses while at the same time generating decent returns for investors.

The Solution

In July 2019, the Investmint platform was officially launched to facilitate funding applications from more business owners and expand the investor pool, allowing more people to participate in helping SMEs grow while earning attractive returns on their capital.

The Team

Gareth Price
Chief Executive Officer

BCom, B.Acc Honours CA Immediately after finishing his articles, Gareth started Cloudworx Accounting Solutions. While dealing with clients struggling to find financial support they need, he decided to start Investmint to help build the SME economy. Gareth is also employed as the Finance Director at Black Marlin Distribution, a company specializing in the cycling industry.

Documents

Exec Summary
Financial forecast
Business plan
2mb
Download
Exec Summary
Financial forecast
Business plan
53kb
Download
Exec Summary
Financial forecast
Business plan
550kb
Download

Raised

ZAR

2534000

Targeted Return

3.83x

Business valuation

ZAR 15,461,618

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