Nigeria’s Crypto-Friendly Fintech, BridgeCard, Among 3 Latest African Entrants into Y-Combinator

Digital Banking service startup BridgeCard is one of 3 entrants to Y Combinator’s S22 batch, bringing the number of African startups selected to the batch to 7 out of 219.

The 3 latest entrants include:

In May 2022, Bridegecard 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, crypto, and fintech wallets into one app, allowing them to perform online transactions, pay bills, and withdraw from any linked account.

In addition, the startup provides 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: Nigerian Fintech Startup, BridgeCard, raises $440K to Support Crypto Wallets in Select African Countries


Y-Combinator is an American technology startup accelerator launched in March 2005. It has been used to launch more than 3,000 companies, including the following from Africa:

  • Flutterwave
  • Paystack
  • Kobo360
  • Cowrywise
  • MarketForce
  • Kudi
  • WaystoCap
  • WorkPay
  • Healthlane
  • Trella
  • 54gene
  • CredPal
  • NALA
  • Breadfast

Twice a year, Y-Combinator invests $500, 000 per company in selected startups before a 3-month program to get them into the best possible shape and refine their pitch to investors. Each cycle culminates in a Demo Day when the startups present their companies to a carefully selected, invite-only audience.

Y-Combinator global alumni include:

  • Stripe
  • AirBnB
  • Coinbase
  • DropBox
  • Reddit
  • Twitch
  • Quora
  • Scribd
  • Optimizely
  • Firebase
  • CodeAcademy


RECOMMENDED READING: African Startups Have Gone On to Raise $1.5 Billion Post YC – 2/3 Went to Nigeria


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