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Untapped Global Secures USD 3 M Seed Funding To Scale
Untapped Global Secures USD 3 M Seed Funding To Scale

Untapped Global, a revenue-based asset financing platform, successfully secured USD 3 M in seed funding led by E3 Capital. The investment from E3 Capital extends Untapped Global’s previous debt and equity funding from early-stage venture and angel investors to over USD 14 M. The partnership seeks to accelerate the adoption of climate smart solutions such as e-mobility across the continent.

Untapped’s data platform digitally tracks and collects repayments from productive assets used by micro-entrepreneurs and small businesses in emerging markets to boost incomes and build community wealth, and help with increasing the awareness around the financial and environmental benefits of adopting climate friendly technologies. It’s  Untapped’s data platform digitally tracks and collects repayments from productive assets used by micro-entrepreneurs and small businesses in emerging markets to not only boost incomes and build community wealth, but also help with increasing the awareness around the financial and environmental benefits of adopting climate friendly technologies.

The partnership with E3 Capital will allow Untapped to scale its data platform and expand its portfolio of climate-smart assets such as electric vehicles. E3 Capital and Untapped intend to work closely together to accelerate the adoption of e-mobility across the continent.