Untapped Global has launched a public beta of its Smart Asset Financing platform, which uses IoT and real-time data to track assets and revenues as collateral. The platform enables revenue-based financing by taking a share of future revenues to repay financed assets, avoiding traditional equity burdens. It targets entrepreneurs and SMEs across sectors such as clean water, solar, e-mobility, and inclusive fintech. The company reports it has financed assets for more than 5,000 entrepreneurs and claims an annual revenue run rate of $2.5 million. The platform is currently accessible to accredited investors and was slated to open to retail investors at the end of 2022. Jim Chu, CEO and founder, developed the model after years investing in emerging markets and shifting from equity to revenue-based financing to better match investor returns and entrepreneur needs. The company says its data shows that every $1 invested creates more than $3 of value in local economies, and individual investments can start at $300 with no monthly fees.

Total raised

$10M

Funding rounds

2

Latest round

Seed

Latest activity

May 2022