After three weeks of teasing, Kiro’o Games, the reference of the African video game, officially launches the opening of its capital with national and international private investors.
Kiro’o uses its famous “Equity Crowfunding Rebuntu” process which allows investors to buy shares from 500 USD (about 275,000 FCFA). Each new shareholder will have the right to vote and will be able to participate in the management of the company via a dedicated intranet.
“The relationship with a shareholder is as important as a marriage. Beyond the money, Kiroo will only retain investors who are compatible with our vision. We also ensure rigorous Due Diligence on investors’ sources of income, “explains BASSANGNA Jean-Yves, co-founder and chief financial officer of the studio.
“Since this Monday, April 1, 2019, we have recorded $ 65,000 in subscriptions from priority investors who wrote to us during the teasing. Some have even already concretized their intentions. Says Olivier Madiba, founder and CEO of KIRO’O.
The summary of the business plan released this morning shows that Kiroo envisions growth potential for 1 million customers in Africa by 2025 with $ 20 million in annual revenue. Interested investors can obtain the document on this link:
Beyond its equity crowdfunding, the studio uses parallel more classic channels. We learn, for example, that Rebecca ENONCHONG, one of the leading names in French-speaking Africa, is one of the lead investors in this round through her Angels Networks trade union or CAN. She comes to Kiroo’s table with VCs and more institutional and prestigious business angels. What to add to credibility references of the studio whose CV is already talking pretty loud.