For fundraisers
How raising capital on Pennytree works
SEC requirements from eligibility to ongoing disclosure. No real offers can open while Pennytree is not live.
Risk warning: read before investing
Investing through this platform is risky and speculative. You may lose your entire investment and must be able to bear that loss. Past results are not indicative of future performance. Ask questions, read all information carefully and seek independent financial advice before committing funds. The SEC requires investor limits to be monitored. No investments are accepted while Pennytree is not live.
Read the full risk warningThe steps
- 01
Check your eligibility
Answer a short questionnaire about your incorporation, operating history and financial records. It returns whether you are eligible and the maximum you may raise in a twelve-month period.
- 02
Complete the application
The required offering pack must cover company details, management, business plan, financial statements or an audited statement of affairs, use of proceeds, instrument terms, risk factors, debt, liabilities and related-party transactions. The current application is preliminary, not a complete approved offering pack.
- 03
Submit your documents
Certificate of incorporation, memorandum and articles, audited financial statements, board resolution, tax clearance and directors' identification.
- 04
Due diligence
Pennytree conducts its own due diligence on the company, its directors and its disclosures. We may decline any application, and we will tell you why.
- 05
Configure the offer
You set your target, your minimum threshold at no less than 50% of the target, your instrument terms and your offer duration of up to 60 days, extendable once by 30 days.
- 06
Go live
Before hosting approval, the intermediary must provide required promoters, directors and shareholder information to the Commission. Offering materials must be delivered to the Commission when posted. Real publication remains blocked pending verified due diligence, disclosures and all applicable requirements.
- 07
Close and report
Full-target release must be directed within 24 hours after offer end, subject to custody, adverse-change and applicable registration conditions. If only the threshold is met, a revised plan is required within one week and the project must be downscalable. Annual audited accounts, actual use-of-proceeds reports and prescribed notices remain mandatory.
Limits that apply to your raise
- Maximum twelve-month aggregate: ₦50m micro, ₦70m small, ₦100m medium, including controlled/common-control entities and predecessors. These are not minimum raises. Separate commodities rules may apply.
- Offer duration of up to 60 days, extendable once by a further 30 days.
- A minimum threshold of at least 50% of your target.
- A material adverse change must be notified within 24 hours; it opens a 7-day rescission window for investors.
- If an offer fails, a 30-day cooldown applies before you may apply again, with updated financial statements.