How GetEquity became profitable by shifting from equity to debt investments

How GetEquity became profitable by shifting from equity to debt investments

GetEquity, a Nigerian equity crowdfunding platform, has achieved profitability by pivoting to debt notes. The platform has processed over ₦500 million since introducing debt notes.

GetEquity hits profitability after shift to local debt investments

GetEquity, the Nigerian startup known for enabling retail investors to invest in startups, has achieved profitability after its expansion into offering commercial papers and debt notes and laying off 40% of its workforce in 2024. The shift to debt investments came as retail investors increasingly sought lower-risk options amid a broader slowdown in venture capital funding.  “We’re not yet at the stage where we can spend heavily on growth or expa…