Slourish Ltd is a company running an online business micro-investing platform housing thousands of entrepreneurs, investors, brand supporters including many others who are just looking to be a part of the community or participate in the development stages of businesses. Although the platform was built for businesses and micro-investors, virtually anyone can conveniently earn, manage and grow their money through the provisions of the numerous perks and programs available on the platform.
Slourish’s primary focus is to develop and support African entrepreneurs. The company provides them with all necessary resources to help them kickstart, scale or grow their ventures. Depending on the entrepreneur, the services could be as little as incorporation, corporate branding, mentorship or as huge as a complete incubation. However, the major role being carried out on our platform is fundraising through crowd-investing using the micro-investments from the users on the platform.
People who want to support these entrepreneurs, participate in their development stages or people who just want to invest in businesses, simply signup on the community-based platform where everything is simplified. Slourish handles the process so, users can invest through the platform in few clicks and still be rewarded through the platform.
Slourish was founded on the 20th of September, 2018 by Latii Brayllot; the CEO who is also the MD of LatiCodes. He went on to form his 14-man dedicated team of professionals working very hard to make Slourish a one-stop hub for entrepreneurs and micro-investors alike.
Out of the 80 million Internet users in Nigeria, there are over 10,000 promising entrepreneurs in need of funding and over 5 million Nigerians looking to grow their money. Since there are no enough VCs, Angels and Governmental or Non-profit Organizations available to fund these businesses, why not make a way for the people to fund the entrepreneurs for a return? Slourish basically serves as the middleman when it comes to the business micro-investing division of the company but Slourish currently serves only the entrepreneurial people of Nigeria.
This is due to the vetting and approval processes of the businesses that want funding. However, anyone in any part of the world could become a member of the platform and can invest in the businesses in few clicks or participate in any of our programs (HPS program, Insights-C program, affiliate program etc).
Nonetheless, Nigeria is not the only African country with entrepreneurs in need of funding. This is to say, the service will be made available to the whole African entrepreneurial community in the coming months.
The rising number of accelerator and grant programs now available in Nigeria could be considered a competition since some people may prefer to waste their years chasing free money. However, the probability of gaining such opportunity is 1:1000 and the Slourish platform has been simplified in such a way that the crowd-investing comes like a single investment to the entrepreneur.
Micro-investors on the platform are merely contributing their money to Slourish to invest it in the entrepreneur. This way, the entrepreneur won’t be dealing with hundreds of small investors. Slourish handles everything for both the business and the investors.
Slourish recorded over 10,000 signups within 2 months without any promotion. Till now, Slourish hasn’t launched any marketing campaign and yet people keep heading to Slourish.com. This is indeed a major market validation.
Commissions from the crowd-investing services will remain Slourish’s primary revenue source but the company also own stakes in some of the businesses that get funded through the platform. While not all entrepreneurs want funds, some need help in other ways.
Sometimes, Slourish practically help them set up their business and this generates additional revenue for the company. Slourish also has a few loan packages for select entities which are funded through the Hashed Profit Share Program. This generates more revenue through interests from which the company is able to cover the cost of operations and more.