Africans are taking the future into their own hands instead of relying on failed politicians and clueless beuracrats. With that being said, their effort are getting rewarded as their businesses are taking off the ground.
Nestcoin, the newly established tech company has managed to raise $6.45 million pre-seed round. The cash will be allocated to operate and build new digital products in crypto currencies and the web3 applications.
Experts says the biggest push of crypto adoption in the mother continent of Africa, is the peer to peer transactions and retail trading. The Africans are enjoying to trade and do business among themselves.
The company, Nestcoin was founded last year around November by two entrepreneurs, Yele Bademosi and Taiwo Orilogbon.
Bademosi previously founded Bundle Africa. Under his leadership, the company grew to become one of Africa’s largest crypto social trading platforms. Before that, he was the Director of Binance Labs in Africa, where he oversaw the incubation and development of top blockchain projects and startups.
Orilogbon was Bundle Africa’s head of engineering and Chief Technology Officer, where he led the development of the technology infrastructure on which the platform’s ecosystem ran.
Bademosi, the company’s CEO, said, “We are excited that our investors are backing this ambitious plan to create a future where billions of people in frontier markets have access to the opportunities that crypto brings.”
He adds, “With this financing, we will continue to grow our diverse team, which already spans nine countries, expand our product offerings, and invest in more ventures aligned with our vision.”
Nestcoin is backed by a global group of investors such as Distributed Global, Alter Global, Serena Ventures, Alameda Research, A&T Capital, MSA Capital, 4DX Ventures, Raba Capital, Goat.vc, Old Fashion Research, CMT Digital, Electric Capital, Social Capital, CoinFund, gumi Cryptos Capital, DeFi Alliance, among others.
Last year, the company launched Breach, its media arm created to advance crypto education globally, and Metaverse Magna (MVM), a crypto gaming guild that helps users earn up to $1,000 per month. Nestcoin also has several other products in the pipeline, designed to provide compelling use cases for crypto.
For more information, visit: https://nestcoin.com/
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