Saturday, September 30, 2023
TopCrytpoNews.com
Shop
No Result
View All Result
  • Home
  • Cryptocurrency
  • Blockchain
  • Market & Analysis
  • Bitcoin
  • Altcoins
  • Dogecoin
  • Ethereum
  • Litecoin
  • Solana
TopCrytpoNews.com
No Result
View All Result
Home Blockchain

Nigerian Blockchain Startup Bitmama Closes $2 Million Pre-Seed Round – Africa Bitcoin News

Mikhailev by Mikhailev
September 11, 2022
in Blockchain
0
Nigerian Blockchain Startup Bitmama Closes $2 Million Pre-Seed Round – Africa Bitcoin News
Share on FacebookShare on Twitter

Related articles

Buenos Aires to issue blockchain-based digital ID

Buenos Aires to issue blockchain-based digital ID

September 28, 2023
Europe drives institutional crypto adoption: Blockchain Expo Amsterdam

Europe drives institutional crypto adoption: Blockchain Expo Amsterdam

September 28, 2023


After elevating $1.65 million by way of a pre-seed extension, Bitmama, a Nigeria-based blockchain startup, has now closed its pre-seed funding spherical at $2 million, a report has mentioned. Main the funding spherical have been two Africa-focused enterprise capital companies: Unicorn Development Capital and Launch Africa.

New Funding to Assist Bitmama Scale Up Crypto Use Circumstances in Africa

A Nigeria-based blockchain startup, Bitmama, just lately closed its pre-seed funding spherical at $2 million after it added $1.65 million to the $350,000 that was raised in October final yr. In accordance with a Techcrunch report, the funding spherical was led by two Africa-focused enterprise capital (VC) companies, specifically, Unicorn Development Capital and Launch Africa.

Additionally taking part within the fundraise have been present and new buyers corresponding to Adaverse, Flori Ventures, Tekedia Capital, Greenhouse Capital, ODBA, Five35 Ventures, Chrysalis Capital, Enrich Africa, Thrive Africa, and Angellist Ventures. Angel buyers that participated within the spherical embody Rene Reinsberg, Marek Olszewski, and Honey Ogundeyi.

In accordance with the report, the blockchain startup will use the funds raised to bolster its crew in addition to to combine its product choices. The funds will additional be used to assist Bitmama scale up use circumstances for cryptocurrency on the African continent.

Shopping for and Promoting Crypto on Bitmama

In remarks following the announcement, Ruth Iselema, a founder and the chief government officer at Bitmama, mentioned:

We began Bitmama to make it simple for anybody throughout the African continent to purchase and promote cryptocurrency. However as time handed, we noticed a few use circumstances we may make use of this know-how to unravel.

As per the report, among the cryptocurrency use circumstances recognized by Bitamama embody the acquisition of airtime or paying for utilities utilizing crypto. Additionally, to assist small companies affected by international trade restrictions, the startup mentioned it has availed “digital greenback playing cards for Nigerians to make worldwide purchases.”

In the meantime, Iselema can be quoted within the report suggesting that Bitmama is planning to introduce a “couple of modern merchandise” which would be the first available in the market.

Register your electronic mail right here to get a weekly replace on African information despatched to your inbox:

What are your ideas on this story? Tell us what you assume within the feedback part beneath.

Terence Zimwara

Terence Zimwara is a Zimbabwe award-winning journalist, writer and author. He has written extensively in regards to the financial troubles of some African nations in addition to how digital currencies can present Africans with an escape route.














Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It isn’t a direct supply or solicitation of a suggestion to purchase or promote, or a advice or endorsement of any merchandise, providers, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, instantly or not directly, for any injury or loss induced or alleged to be attributable to or in reference to the usage of or reliance on any content material, items or providers talked about on this article.

Extra Standard Information

In Case You Missed It





Source link

Share76Tweet47

Related Posts

Buenos Aires to issue blockchain-based digital ID

Buenos Aires to issue blockchain-based digital ID

by Mikhailev
September 28, 2023
0

Buenos Aires, the capital of Argentina, is making a serious transfer towards integrating its paperwork with blockchain know-how. Beginning in...

Europe drives institutional crypto adoption: Blockchain Expo Amsterdam

Europe drives institutional crypto adoption: Blockchain Expo Amsterdam

by Mikhailev
September 28, 2023
0

Europe stays fertile floor for the cryptocurrency ecosystem to flourish in contrast with harsher regulatory environments, in accordance with distinguished...

Tottenham Hotspur taps Chiliz blockchain for Web3 fan token

Tottenham Hotspur taps Chiliz blockchain for Web3 fan token

by Mikhailev
September 28, 2023
0

Tottenham Hotspur will develop into the newest Premier League workforce to faucet into blockchain expertise to concern and handle its...

Cricket World Cup to feature Web3 fan app as ICC taps into Near blockchain

Cricket World Cup to feature Web3 fan app as ICC taps into Near blockchain

by Mikhailev
September 27, 2023
0

The Worldwide Cricket Council (ICC) has partnered with Close to Basis to construct a blockchain-powered Web3 fan engagement app for...

Bahrain’s Bank ABC using JPMorgan’s Onyx blockchain for cross-border payments

Bahrain’s Bank ABC using JPMorgan’s Onyx blockchain for cross-border payments

by Mikhailev
September 26, 2023
0

Bahrain-based Financial institution ABC will use JPMorgan’s Onyx Coin Programs for blockchain-based cross-border funds in a smooth, or restricted, launch....

Load More
  • Trending
  • Comments
  • Latest
Why ApeCoin is on track to be the next Dogecoin

Why ApeCoin is on track to be the next Dogecoin

May 13, 2022
Square Enix NFT And Blockchain Plans Laid Out In Annual Report

Square Enix NFT And Blockchain Plans Laid Out In Annual Report

May 13, 2022
Is Austin, Texas About to Lead the US in Blockchain, Crypto and Sustainability? With Mission 6, it Appears So

Is Austin, Texas About to Lead the US in Blockchain, Crypto and Sustainability? With Mission 6, it Appears So

May 13, 2022
Jack Dorsey Names Reason for Next Bitcoin Price Surge

438.4 Million Dogecoin Moved to Robinhood for Fee That Easily Beats Any Bank

May 22, 2022
Japan’s Nomura dives into cryptocurrency derivatives trading (NYSE:NMR)

Japan’s Nomura dives into cryptocurrency derivatives trading (NYSE:NMR)

0
Cryptocurrency Avalanche’s Price Increased More Than 8% Within 24 hours

Cryptocurrency Avalanche’s Price Increased More Than 8% Within 24 hours

0
Bitcoin & Cryptocurrency Take Massive Nose Dive

Bitcoin & Cryptocurrency Take Massive Nose Dive

0
Todd Snider talks life on the road making music ahead of Southern California dates – Daily News

Todd Snider talks life on the road making music ahead of Southern California dates – Daily News

0
VanEck to donate 10% profits from Ether ETF to core developers

VanEck to donate 10% profits from Ether ETF to core developers

September 30, 2023
Bitcoin price posting best September since 2016 as BTC sellers eye $27.5K

Bitcoin price posting best September since 2016 as BTC sellers eye $27.5K

September 30, 2023
Google Cloud is now a validator on the Polygon network

Google Cloud is now a validator on the Polygon network

September 30, 2023
Invesco Galaxy applies for spot Ether ETF

Invesco Galaxy applies for spot Ether ETF

September 30, 2023

Recent News

VanEck to donate 10% profits from Ether ETF to core developers

VanEck to donate 10% profits from Ether ETF to core developers

September 30, 2023
Bitcoin price posting best September since 2016 as BTC sellers eye $27.5K

Bitcoin price posting best September since 2016 as BTC sellers eye $27.5K

September 30, 2023
Google Cloud is now a validator on the Polygon network

Google Cloud is now a validator on the Polygon network

September 30, 2023

Categories

  • Altcoins
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • Litecoin
  • Market & Analysis
  • Solana

Follow Us

Tags

Avalanche bitcoin bitcoin price bitcoin price in india bitcoin price today Blockchain Blockchain Wire business Business news Cardano Crypto Crypto Coins CryptoCurrencies Cryptocurrency cryptocurrency news cryptocurrency price today crypto market crypto news crypto price in india crypto price today Culture DeFi Dogecoin Dogecoin price ETH Ethereum fintech FTX investing Litecoin Markets News NFT Opinion Ripple SEO Shiba shiba inu Shiba Inu Price SOL Solana solana price TECH Technical Analysis Technology
  • Contact Us

© 2022 Top Crypto News - All rights reserved.

No Result
View All Result
  • Home
  • Cryptocurrency
  • Blockchain
  • Market & Analysis
  • Bitcoin
  • Altcoins
  • Dogecoin
  • Ethereum
  • Litecoin
  • Solana

© 2022 Top Crypto News - All rights reserved.