Nigeria’s Nestcoin Raises $6.45 Million to Build Out Web3 Solutions for Africa

NestCoin, a new, innovative venture seeking to demystify and make crypto simple and accessible to everyday people, has raised $6.45 million to build out Web3 solutions for frontier markets like Africa.

This latest raise makes it the largest pre-seed round in the crypto and Web3 space on the African continent with participation from a world-class list of global and local investors.

NestCoin is looking to enable and make Web3 simple to understand in frontier markets by eliminating existing barriers through the development of simplified crypto-native products that are educative, user-centric and scalable, all without skimping on quality and functionality.


SEE ALSOIntroducing Nestcoin – Unlocking Crypto Oppportunities in Africa with Crypto-Native Products


In a separate exclusive with BitKE, Sandeep Nailwal, CEO, Polygon, revealed that they had invested in NestCoin as one of the startups they’re looking at in Africa.

The startup, founded and run by Yele Bademosi (CEO, Co-Founder) and Taiwo Orilogbon (CTO, Co-Founder), is well-positioned for successs.

The 2 founders are both widely reputed for their substantial contributions to the nascent crypto space in Africa.

  • Yele is the founder of Microtraction and Bundle Africa and former Director at Binance Labs
  • Taiwo is an experienced software engineer having worked at Carbon, Bundle Africa, and Jobberman as CTO

Speaking about Nestcoin, Yele said:

“The power of crypto lies in its potential to circumvent poorly designed economic infrastructure and connect anyone to a global economy with access to unlimited financial opportunities.

At Nestcoin, we believe these opportunities can and should be accessible to everyone which is why our products will be stripped of all undue complexities and designed to meet you wherever you are in your crypto journey to guide and elevate your experience. We are gearing up for take-off and are thrilled to invite you on board. Welcome to Nestcoin.”

                                              – CEO, Nestcoin


NB: Look out for an exclusive interview on BitKE with CEO, Yele Bademosi.


RECOMMENDED READING: [VIDEO] Interview with Yele Bademosi, Binance Labs Director, Africa


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