#Africa Cape Town’s getWorth takes total funding to $1.38m


Cape Town-based auto industry e-commerce startup getWorth has announced an international investment that increases its total committed funding to ZAR18.5 million (US$1.38 million).

getWorth offers alternatives to the traditional way of buying and selling cars, offering tools, products and information to help people trade vehicles for what they are really worth.

The details of the international investors are confidential, but getWorth will use the funding to improve its technology and grow the business. Larger premises have already been secured in the Western Cape and a significant growth in staff numbers is expected over the next months.

“The investor was attracted by our unique product that solves many of the challenges when selling a car,” said getWorth co-founder Jamie Surkont.

“We have received phenomenal interest and enquiries from international auto industry players regarding the unique and innovative approach we have adopted in the local market. They were impressed by how strong the proposition is and how positive the customer response has been.”

The average bonus paid out to sellers on getWorth has been ZAR40,000 (US$3,000) over and above their trade value, and Surkont said getWorth’s growth, based on its unique and game changing offering, was now ready to fly.

“A portion of the funding will go towards developing a pipeline of other new products for the used car market,” he said.

“The most exciting is a bridging product that will assist people who are underwater on their vehicle loans, helping them to trade out in a responsible and unhurried manner. Financial wellness, transparency, the use of technology and a far better return for our clients are not concepts usually allied with the used car market. This investor’s expertise will assist us in international markets when the time is right.”

The post Cape Town’s getWorth takes total funding to $1.38m appeared first on Disrupt Africa.

from Disrupt Africa http://ift.tt/2w5kG19

Ce contenu a été publié dans #Africa par Startup365. Mettez-le en favori avec son permalien.

A propos Startup365

Chaque jour nous vous présenterons une nouvelle Startup française ! Notre pays regorge de talents et d'entrepreneurs brillants ! Alors partons à la découverte des meilleures startup françaises ! Certaines d'entre elles sont dans une étape essentielle dans la vie d'une startup : la recherche de financement, notamment par le financement participatif (ou crowdfunding en anglais). Alors participez à cette grande aventure en leur faisant une petite donation ! Les startups françaises ont besoin de vous !