
We are a UK-headquartered entity and our project Mega Raffle Prizes in Every Draw offers digital raffle and competition games in Africa. With a market entry in Senegal and The Gambia, plans to be present in up to five other African countries within the next 3 years.
Highlights
- The mission of modernizing raffle games in Africa by going fully digital.
- Know Your Customer (KYC) compliant with 100% security & transparency.
- We support community-based charitable causes in Africa.
- 40K Active Users by the end of Year 1.
- Investor’s Returns by year 3.
- £1 Million Total Revenue Projected in Year 1.
Looking for more investment opportunities? View all projects
The Business details for the Mega Raffle Prizes in Every Draw Project
Most gaming offerings in Africa rely heavily on networks of physical kiosks, which are complex and risky to manage, inconvenient for players, and exorbitantly expensive to operate as a business model.
We are a fully digital gaming platform that wants to disrupt this old business model and enable players to play various raffle games on any mobile device at their convenience anywhere, available 24/7, through a mobile-first website powered by innovative and high-level secured technology to provide unmatched transparency, fairness, and usability for the players.
Once a player has registered their account, they can use any digital money wallet or traditional bank card to fund their account. This is a great business opportunity.
The Market
Africa Lottery Market size valued at USD 3,050 Million in 2021, is projected to reach USD 5,654 Million by 2030, growing at a CAGR of 7.10% from 2022 to 2030. The Africa Lottery Market is principally driven by the growing popularity of technology services and smartphone use.
Currently, our most significant competitors are the sports betting companies and the National Lottery operators. Most of these operators operate networks of small kiosks in busy business and market districts. The two significant issues with these competitors are their over-reliance on the use of kiosks and players only playing when they come across such kiosks, and second, the sports betting outfits have a rather restrictive player demographics of the 18-35 age bracket mostly male.
We are offering fun and easy-to-play digital raffles and competition games that feature better accessibility, and fun-packed games available anywhere, anytime, for anyone in the family.
Progress/Proof of the Mega Raffle Prizes in Every Draw Project
Website and back-end built and going through product testing by a tech partner based in Malta. Gaming license application complete in first two countries (awaiting final regulatory approval). Established partnerships with local PR/marketing agencies in the first two countries. Go-to-marketing plan complete (including pre-launch and soft-launch. Banking & payment processing completed. A business plan with a detailed presentation is available upon request.
Need more information and details about this investment idea? Contact us
Objectives/Future
With a market entry in Senegal and The Gambia, an aggressive roll-out plan is to be present in up to five other African countries within the next 3-5 years.
Our goal is for long-term, responsible growth based on offering players a balanced and appealing range of fully digital raffle games that offers something for everyone, with life-changing prizes. Our go-to-market strategy is to invest in a brand-building campaign from the start and build affinity to our brand with an emphasis on “Mega raffle prizes in every draw”. To achieve this, a significant chunk of our marketing budget will be spent on advertising in traditional offline media (Radio, TV, & outdoors).
We have engaged marketing agencies based in the respective countries we will be operating in, chosen based on their comprehensive understanding of the local context in terms of the different demographics, cultural habits, and norms, and how, when, where, and how we can best reach and engage these varying demographics.
The Deal details for the Mega Raffle Prizes in Every Draw Project
- The Mega Raffle Prizes in Every Draw project target is £ 1 000 000 With a £ 50 000 minimum per Investor.
- No previous investment was raised for this deal.
- We are offering equity or accepting loans.
The business is seeking initial funding of £1 Million for 25% equity to finance the start of operations, with marketing costs accounting for 75% of the fund used to achieve customer acquisition of the first 40,000 active users.
- No benefits like the EIS scheme or SEIS scheme are offered.
- Current stage of the project is Pre-Startup/R&D.
- Any investor role is acceptable for this project (Silent Investor, Daily involvement investor, Weekly involvement investor, Monthly involvement investor).
- Any investor type is suitable for this project (Angel Investors, Peer-to-Peer lenders, Personal Investors, Venture Capitalists).
- The main industry for this investment opportunity Is Entertainment & Leisure with the subcategories of Gambling.
- We are located in the United Kingdom.
Contact us for more information and details about the Mega Raffle Prizes in Every Draw Project
Disclaimer: The content of this investment opportunity has not been approved by an authorised person as defined by the Financial Services and Markets Act 2000. Relying on this investment opportunity to involve in any investment activity exposes an individual to a significant risk of losing all of the property or other investment funds. Investors should conduct their own thorough research and seek professional advice.
You need to be logged in to add comments!