Q: Should I pay an Intelligent investor a fee prior to them investing in my company?

A: You should NEVER pay a legitimate intelligent investor any upfront money for them to invest in your business. There are various investment scams taking place on the internet and they are more popular than ever. Of course there is nothing wrong with paying for a matching service on an online network or deal review fee to an intelligent network group, but these fees are nominal and cover the service or group overhead.

If you do use another Intelligent Investment network be very very wary of a potential intelligent investor that makes comments like “I need to have you to commit thousand naira in order for my solicitor to prepare the documents to release your funds so I can invest in your business.”

The advantage with Little George P2P is that Intelligent investors that meet self-certification guidelines will not ask for any kind of fees and we carry out checks on Intelligent investors that agree to use our service. As an entrepreneur, whether you find an Intelligent Investor on GEL, or another intelligent investment service, you should also do your own due diligence on potential investors and if they say they have invested in companies before, always ask to see their portfolio with company contact details. You can also carry out company credit checks for a nominal fee.



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