Mesh.trade, a South African decentralized cross-asset marketplace, successfully facilitated a $1.64 million (ZAR30 million) capital raise for Water Financial, a reverse mortgage provider. This funding enables homeowners to potentially earn lucrative returns while continuing to live in their homes.
Innovative Capital Raising Platform
The capital raise, conducted through Mesh.trade, involved issuing 30,000 Series A preference shares, offering an equivalent of 87% of the prime lending rate. This marks the first of several planned capital raises to support Water Financial’s growing lending needs. Mesh.trade’s Managing Director, Connie Bloem, highlighted the platform’s unique approach to capital raising, providing investors access to previously inaccessible investment opportunities and offering entrepreneurs a regulated alternative to traditional capital-raising methods.
Future Plans and Impact
Bloem also revealed that Mesh.trade plans to continue issuing alternative and private capital assets in the coming months, expanding opportunities for investors. Chris Loker, the founder and managing director of Water Financial, praised the capital raise for helping elderly homeowners retain ownership of their properties. He noted that the funds raised through Mesh.trade allow Water Financial to offer investors returns higher than inflation, targeting a market underserved by traditional financial institutions.
The innovative platform provides a valuable service to both investors and homeowners, enabling financial growth without compromising homeownership.
