Untapped Insights
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Untapped Insights

July 2022 Newsletter: Raising $15M in 3 months…

This newsletter was originally sent to The Untapped network on Tuesday, July 19th. To subscribe for future updates please click here.

TL;DR…

  • Our revenues continue to grow with $262,836 in June representing 22.6% growth over May, while yields continue to exceed 25% (27.36% annualized based on June results).
  • Our Deals team has lined up more than $15M of vetted assets deployments from our scale up partners, expected to bring in yields over 25%. This gives us a clear road to reach $1M monthly revenue by end of 2022.
  • The next 3 months will be focused on preparing to raise capital from institutional investors, with an immediate goal of funding as much of that pipeline as possible in the next 3 months to a) boost 2022 revenues and b) strengthen our relationships with key partners.

Investors looking to park capital for 3–12 months with double digit returns check out our latest results in our deck and get in touch!

Updates by the numbers…

$262,836: Revenues for the month of May. Up 22.6% from May. Our stretch goal is $1M/month in revenues by the end of 2022.

6,705: number of assets we are currently financing — flat from last month.

27.36% annualized yield from revenues in June, above our goal of 25%.

Asks…

  • We are on a mission to fill as much of the $15M in the pipeline as possible in the next 3 months. If you know of individuals or institutions that want reliable, impactful double-digit returns with 6 to 18-month maturities, please send them our way! You are welcome to share our latest deck, and have them get in touch with me via email or schedule a time with me via my calendar here.
  • Our team will be in New York on Thursday, July 28, hosting a networking event for globally-minded investors interested in Africa. If you are in town please RSVP here, or send it to someone we should meet!

Untapped Insights…

Our CEO Jim Chu chatting about OpenFi & emerging markets investing with Gluwa

We recently announced our partnership with Gluwa, an open finance platform connecting capital from developed markets to emerging market lending opportunities using blockchain technology… Curious about our partnership? Read more

We featured one of our operating partners MamaGas in our Why We Invested series, “MamaGas — Leveraging Data and Last-mile Delivery Service for Cooking Gas in Kenya” Read more

What I’m reading…

Image: REUTERS/Francis Kokoroko

How to build resilience in emerging economies? Support small businesses… Read more on World Economic Forum

The Global Slowdown will be Short-Lived in Africa… Read more on The Flip

Why it is time to invest in African entrepreneurs…Read more on OECD

On a personal level, I’ve been on the road a bit too much the last few months. It has been great to meet so many inspiring people with real potential for collaboration with Untapped to bring more financing to SMEs in emerging markets, but I’m planning to spend more time in San Francisco with the family over the summer while preparing for this next round of fundraising and travel.

Here’s Tali, Andrea, Lexi, and me on our last family trip

Keep well!
- Jim

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Untapped Global

Untapped Global

Untapped creates opportunity by connecting frontier market innovators to global investors.