Business News of Tuesday, 11 June 2019

Source: Quick Angels limited

Be interested in Equity Financing and not Debt Financing - Quick Angels Limited advises entrepreneurs

Participants of the Quick Angels tour Participants of the Quick Angels tour

Quick Angels Limited, the first formal and institutionalized Angel Investor Company in Ghana has started a nationwide tour to reach out to potential and existing entrepreneurs on the need for equity financing.

The tour which is in collaboration with Africa Internship Academy, an institution noted for training and nurturing entrepreneurs, is to create awareness about the Quick Angels Limited brand and their service offer.

Speaking on the nationwide tour, the Brands Communication and Business Development Manager at Quick Angels Limited, Mrs. Veronica Ofosuhemaa Owusu-Ansah explains that Quick Angel Limited is set up primarily to provide equity financing or funding to startups, potential and existing entrepreneurs, and person’s with smart business ideas but lack funding to begin.

She added that the move is also to reach out and educate the masses especially entrepreneurs on Angel Investing and Equity Financing.

"As an entrepreneur, you do not need debt financing to begin. It kills your innovation. You should be busy thinking of how to revolutionize or originate new ideas or add on some specifications to your already existing business to meet demands or lead in your space and not thinking of how to pay off a debt that you took to start the business. And this is where "angel investing" is paramount. All we need from you is a smart idea or business that has perspective and is economically viable." She added.

Commenting on the partnership, the Co-founder of Africa internship academy, Emmanuel Leslie Addae noted that this is the first of its kind in Ghana when we talk of angel investors and we are proud to be associated with them on this tour to reach to as many entrepreneurs as possible who over the years due to funding could not proceed with their dream.

"I have come across hundreds of potential and existing entrepreneurs who could not survive because of funding. The arrival of Quick Angels Limited is therefore essential. We hope that by the end of the tour, hundreds of entrepreneurs will benefit from Quick Angels Limited’s investment opportunities."

The tour started in Accra on the 31st of May, 2019. It is expected to take turn each month region by region. Kumasi is next this June 28th, 2019.

About Quick Angels Limited

Quick Angels limited is an Angel Investor company fully owned by a Ghanaian, launched its operations on 8th May, 2019, with a pledge to contribute significantly to the economic growth and national development through equity financing.