Crypto Platform in South Africa Seeks $1.64 Million in New Funding
South African decentralized marketplace Mesh.trade has successfully raised $1.64 million (ZAR30 million) for Water Financial, a reverse mortgage provider.
This capital raise, involving 30,000 Series A preference shares with an 87% prime lending rate return, will help Water Financial offer attractive returns to homeowners while they stay in their homes. Mesh.trade’s Managing Director Connie Bloem highlighted the platform’s role in providing investors access to unique opportunities and offering a regulated capital-raising alternative for businesses.
Water Financial founder Chris Loker praised the initiative for enabling elderly homeowners to retain their property while providing investors with inflation-beating returns.
Clever Robot News Desk 5th August 2024
