The Co-founder of GetEquity, Jude Dike, has reacted to allegations that the company was operating an illegitimate business, IgbereTV reports
The company has come under public scrutiny in the last few days after reports emerged that it was providing crowdfunding services without approval from the Securities and Exchange Commission (SEC).
GetEquity was established to provide support for startups seeking seed money.
The firm serves small technology-backed companies usually snubbed by institutional investors or household venture capital
The reports noted that while GetEquity was marketing itself as a platform to raise funds, it was also offering asset trading opportunities.
But the company has quickly dismissed the claim.
A business publication, WeeTracker, had in a report accused GetEquity of deceiving investors and startups with the promise of getting them operating licenses.
However, in a statement on Saturday, Dike described the report as the handiwork of an investor with Oui Capital, Peter Oriaifo.
He said: “It has been a couple of days since the Weetracker hit piece, disguised as an investigative piece, was released. I have been told by many quarters to keep mum and focus on what we’re building, but how good is that when the originators of that are still back channeling in whatever ways they can to get our business shut down.
“An “investigator” with either their own agenda at play or one who is quite naive about how and what he’s been fed made defamatory statements in an article stated as investigative