Nigerian Fintech Startup, BridgeCard, raises $440K to Support Crypto Wallets in Select African Countries

"We wanted to solve this problem by building an operating system for money, one app where you could spend, send, and see the money in all your bank accounts and wallets." - CEO, BridgeCard

0
181
JOIN US ON TELEGRAM

Nigerian fintech startup, Bridgecard, has raised a $440, 000 pre-seed funding round to expand its user base and build out its platform.

Co-founded by Owumi Festus and Tunde Adewole, Bridgecard merges a user’s cards, bank accounts, and fintech wallets into one app, allowing users to perform online transactions, pay bills, and withdraw from any linked account.

In addition, they provide a physical card that permits withdrawals from any Nigerian or international bank account as well as a dollar card with a $10, 000 monthly spending limit.

______________________________________________________________________

SEE ALSO: SEC Nigeria Unveils 3 License Requirements for Digital Assets Service Providers in the Country

______________________________________________________________________

After a private beta where Bridgecard launched to 120 users and processed over $70, 000 transaction volume within 2 months, the startup recently launched publicly and has now raised $440, 000 in pre-seed funding with the participation of:

  • ABV Fund
  • Ingressive Capital
  • Voltron Capital
  • Venture Platform
  • Velocity Digital
  • Berrywood Capital

According to Tunde Adewalet, Co-Founder / CEO, Bridgecard:

“We built Bridgecard because it’s quite difficult to have just one bank and even more difficult to manage funds across multiple bank accounts.

We wanted to solve this problem by building an operating system for money, one app where you could spend, send, and see the money in all your bank accounts and wallets.”

– CEO, BridgeCard

Other angel investors in the round include Johnson Yaya, Kennedy Ekezie and Duke Ekezie from Kippa, and Miracle Anyanwu.

Bridgecard will use the funding to:

  • Increase the number of bank accounts that can be linked to its platform
  • Expand to support crypto wallets in supported countries
  • Get the product in the hands of more people
  • Solve online and card payment issues better

The long-term objective is to become the financial operating system in Nigeria and throughout Africa.

With their team and investors, Bridgecard is prepared to create a long-lasting product and enhance Nigerians’ financial access and management.

______________________________________________________________________

RECOMMENDED READING: Nigeria Crypto and Twitter Bans Came at a Cost to Millions of Young Nigerians, Says Latest UN Report

______________________________________________________________________

Thank you for your support by helping us create content:

BTC address: 3CW75kjLYu7WpELdaqTv722vbobUswVtxT

ERC20 Address: 0x03139524428e40E31f13909f8D994C915FB91277

SOL address: 9cC65AWFHj848kntcoyiT8av3jiRQEqyTTmBR1GvVUb

____________________________________________________________________

Follow us on Twitter for the latest posts and updates

Join and interact with our Telegram community

_____________________

Subscribe to our YouTube channel below for more updates:

____________________________________________________________________

LEAVE A REPLY

Please enter your comment!
Please enter your name here