Nigerian Blockchain Startup Bitmama Closes $2 Million Pre-Seed Round

6e7a9ca315be6635eadbd5a41bcfb453 - Nigerian Blockchain Startup Bitmama Closes $2 Million Pre-Seed Round 5

A Nigeria- based blockchain start-up, Bitmama, just recently shut its pre-seed financing round at $2 million after it included $1.65 million to the $350,000 that was elevated in October in 2015. According to a Techcrunch record, the financing round was led by 2 Africa- concentrated financial backing (VC) companies, particularly, Unicorn Growth Capital and also Launch Africa.

Also taking part in the fundraise were existing and also brand-new financiers such as Adaverse, Flori Ventures, Tekedia Capital, Greenhouse Capital, ODBA, Five35 Ventures, Chrysalis Capital, Enrich Africa, Thrive Africa, and alsoAngellist Ventures Angel financiers that joined the round consist of Rene Reinsberg, Marek Olszewski, and also Honey Ogundeyi.

According to the record, the blockchain start-up will certainly utilize the funds elevated to boost its group in addition to to incorporate its item offerings. The funds will certainly better be made use of to aid Bitmama range up usage instances for cryptocurrency on the African continent.

09535954e15293921dbe71f4b1faa274 - Nigerian Blockchain Startup Bitmama Closes $2 Million Pre-Seed Round 6

Buying and also Selling Crypto on Bitmama

In comments complying with the news, Ruth Iselema, an owner and also the president at Bitmama, claimed:

We began Bitmama to make it very easy for any person throughout the African continent to deal cryptocurrency. But as time passed, we saw a number of usage instances we might use this modern technology to resolve.

As per the record, several of the cryptocurrency usage instances recognized by Bitamama consist of the acquisition of airtime or spending for energies making use of crypto. Also, to aid small companies impacted by forex constraints, the start-up claimed it has actually availed &#x 201C; online buck cards for Nigerians to make global acquisitions. &#x 201D;

Meanwhile, Iselema is additionally estimated in the record recommending that Bitmama is intending to present a &#x 201C; number of cutting-edge items &#x 201D; which will certainly be the very first on the market.

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Tags in this tale Bitmama, Blockchain, crypto usage instances, Cryptocurrency, Foreign exchange, Launch Africa, Ruth Iselema, Unicorn Growth Capital, online buck cards

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df0b61caf037fcd48ea2414dc0f79e56 - Nigerian Blockchain Startup Bitmama Closes $2 Million Pre-Seed Round 7 Terence Zimwara

Terence Zimwara is a Zimbabwe prize-winning reporter, writer and also author. He has actually created thoroughly regarding the financial difficulties of some African nations in addition to exactly how electronic money can give Africans with a retreat course.

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