BlackCrest is proud to have advised Winich Inc. in their recently concluded Pre-series A $3 million round. Winich Inc. is an Agritech supplying Agricultural produce to large-scale retailers in Africa. Their operations currently help over 100,000 farmers gain income from selling their Agricultural produce. This funding round, supported by Sahel Capital , Plug and Play Tech Center, Acumen Resilient Agriculture Fund (ARAF) and others, will help Winich Inc. scale its operations to other regions, support more farmers and strengthen the African food supply chain. Our partner Vincent Okonkwo led the team that worked on the transaction. #BlackCrest #Agritech #Startupfunding #NaijaStartups
BlackCrest
Legal Services
Dunkirk, Nottinghamshire 559 followers
The legal one-stop-shop for startups.
About us
BlackCrest is a boutique legal-as-a-service provider operating within the African market. We specialize in providing both bespoke and turn-key solutions to startups and technology companies across all stages of their life cycle: from ideation to company formation and structuring, to scaling. We offer: Investment advisory services IP protection services Business formation and structure services Data protection services Regulatory compliance services Startup operations advisory services Joint venture agreement and advisory services General startup advisory services Rather than a law firm, we consider ourselves insiders in the technology ecosystem. What we offer is not legal support – we provide the intangible business assets of legal and commercial intelligence.
- Website
-
https://www.blackcrest.africa
External link for BlackCrest
- Industry
- Legal Services
- Company size
- 11-50 employees
- Headquarters
- Dunkirk, Nottinghamshire
- Type
- Partnership
- Founded
- 2021
- Specialties
- Startup consulting, Regulatory compliance, Incorporation, Investment Advisory, Partnership negotiation, Venture Capital, Intellectual Property, Data Protection, Angel Investing, and Legal Due Dilligence
Locations
-
Primary
Get directions
10 Greenfield Street
Dunkirk, Nottinghamshire NG72JN, GB
-
Get directions
1 Allan Balogun Street
Lagos, Lagos State, NG
Employees at BlackCrest
Updates
-
BlackCrest reposted this
𝐒𝐭𝐚𝐫𝐭𝐮𝐩 𝐨𝐟 𝐭𝐡𝐞 𝐖𝐞𝐞𝐤: Winich Inc Founded by Riches Attai, Winner Attai, and Chichebem Jibunoh, Winich Farms is connecting smallholder farmers directly to markets, bringing fresh produce to buyers and fairer prices to farmers. With $3 million in recent funding and expanding financial tools, they’re paving the way for a more efficient agricultural supply chain in Nigeria. Swipe to read more! Kudos to the team at Winich Farms. We are rooting for you! #WinichFarms #Agritech #StartupSpotlight
-
Founders guess what? . . . . . At BlackCrest we get a lot of enquiries from founders on funding and operations improvement opportunities. We have decided to start compiling opportunities for founders and sharing regularly. You're welcome. This edition features funding opportunities, pitch competitions and startup accelerator programs. Need help applying, feel free to send a DM. We are rooting for you. Have a great week ahead. Signed, Team BlackCrest.
-
According to the US Department of Labor, the average cost of a bad hire is up to 30% of the employee's first-year earnings. But bad hirers are not bad people, they are unproductive people. Firing and rehiring comes with both time and capital cost. Engendering productivity through corporate strategy is a more effective way to manage teams. At BlackCrest, in our vision to support founders of all stages with quality legal services, we have put together some strategies that can help founders. The strategies can be found in the deck below. Remember that you only fail when you stop trying. We are rooting for you and your team. Have a great weekend. The BlackCrest Team.
-
Our own Osita James Uche will be speaking at WinnoV8, Inc ‘s Business Support series this week. He will be speaking on the legal aspects of fundraising for startups. ———————————————————————— About BlackCrest BlackCrest is a leading startup law firm in Lagos listed in the VC4 Africa venture deal book 2023 for its advisory role in Winich Farm’s $3 million seed round. BlackCrest supports startups of all stages with legal compliance, legal advisory, IP protection, data protection and investment advisory. BlackCrest has supported founders in Africa to raise a cumulative of $20 million dollars.
Exciting news! 🚀 Our Business Support Series Vol 2 is here Theme : Fundraising for Startups. Speaker : Osita James Uche Date 📅 Friday Oct 18, 2024. Time ⏰ 7PM Happening on X ( Twitter ) Spaces This session will provide valuable insights and strategies to help your Startup/Business secure essential funding. Don't miss out on this opportunity for growth and innovation. Click the link to register 👇 https://lnkd.in/d62_3TuP #winnov8 #collaboration #businessseries #webinarseries
-
-
BlackCrest is proud to have advised in the recently concluded $3 million pre-series A round raised by Winich Inc. Winich Inc is a Agritech company that supplies farm grain produce to retailers at scale facilitating the agricultural supply chain in Africa. With the funds raised, Winich Inc will scale their operations to onboard more farmers, increase their grain distribution capacity and support agricultural export in Africa. Our partner Vincent Okonkwo led the transaction. #agritech #africatech #Naijastartups #VCfunding #BlackCrest ———————————————————————— BlackCrest is a top startup law firm with operations in Nigeria and Rwanda. BlackCrest has supported founders to raise a cumulative of $20 million since inception.
-
-
The Economy is literarily trying to kill businesses in Nigeria. Here are some Pro Tips On increasing Profitability as a Business in Nigeria 1, Increase your margins You can do this by increasing the price or actively reducing the Cost of Good Sold (COGS). Either way, in an uncertain economy like ours, everyone understands when prices of goods or services go up. Leverage this to your advantage. 2, Improve operations There may be some bad debts or credit that is written-off to focus on the performing ones. Figure out a way to reduce or completely remove all such customers from the system. The overall impact will affect your bottom-line positively. Change suppliers if you can get the same quality for a lower price, negotiate with middle-men and cut down all expenses that don’t actively add present or future value to your business. 3, Leverage partnerships Some people are just hearing about what you do for the first time and would probably have been customers since last year. Partner with organizations who have a large chunk of their members falling within your target audience. Agree on a commission that doesn’t impact your margin and onboard as many of them as possible. 4, Strategic Marketing Place your ads strategically in places where you have a lot of your target audience. It may be Radio, TV or Newspapers. Figure out the one that suits you and measure conversion for a period before switching. In all you do, keep trying. Bad economic situations come and go. Only resilient businesses survive when the going is good and bad. I am rooting for you. Osita of BlackCrest www.blackcrest.africa The one-stop legal shop for startups in Africa.
-
-
Founders get in here.
Leading Startup Attorney @BlackCrest LP I TEDx Speaker I Startup Coach | Chevening Scholar '22 I Human
On Taxes for Nigerian Startups Should A Grant be Treated As An Income That is Taxable Under Nigerian laws? I got this question from a founder and decided to discuss it here for the benefit of other founders. Startups are subject to several taxes in Nigeria which include: The Companies Income Tax Act The Capital Gains Tax The VAT Stamp Duty Education Tax PAYE During assessment, a company is meant to file their statement of accounts that show profit and loss as a basis for the amount of companies income tax they are liable to pay. It is interesting to note that a grant awarded by the Government of Nigeria can qualify as income for the purpose of tax assessment. However, under the FIRS - Tax Implication of The International Financial Reporting Standards (IFRS), apparently the grant can be used by the reporting company to reduce the cost of sales or its expenses. The taxpayer is the one that chooses whether to include it or not. There is no legal obligation to include it as an income in your profit and loss. But where you include it, that income shall be taxed accordingly. Key thing to remember is that Companies Income Taxes apply to profit and not just income. The law does not levy the Company Income Tax on a company that is struggling (not making profit). As a startup, where you have grants and losses through the financial year, such grants will generally not qualify as Income for Companies Income Tax purposes. This insight is brought to you by BlackCrest, a top startup- law firm in Nigeria. I am rooting for you. Osita of BlackCrest www.blackcrest.africa Follow me for more updates like this. PS : The picture below was taken in Richmond, London in December 2023. —————————————————————————— A little about me Osita James is a technology entrepreneur and a partner at BlackCrest The start-up advisory law firm (BlackCrest) has successfully advised start-ups across Africa in investment deals worth over $20 million. He holds an LLB from the University of Nigeria, Nsukka, an MSc in Innovation Management and Entrepreneurship from the Nottingham Business School, Nottingham Trent University and a Diploma in Technology and Entrepreneurship from the Nigerian University of Technology and Management (NUTM). He writes poetry and fiction in his free time.
-