Zap Africa, a Nigerian software development company specializing in cryptocurrency tools, has raised $300,000 in pre-seed funding to further its mission of promoting financial inclusion in the country. The investment round was led by Benjamin Oyemonlan, CEO of Platnova, a global fintech company.
Founded in 2023, Zap Africa has quickly established itself as a key player in Nigeria’s burgeoning fintech scene. The company’s flagship product, Zap Exchange, is a user-friendly platform that allows for non-custodial cryptocurrency trading, a model that gives users full control over their digital assets. This approach aims to address the significant barriers to financial inclusion that many Nigerians face.
“We are excited to support Zap Africa’s work in democratizing access to financial services,” said Oyemonlan. “Their innovative solutions have the potential to empower millions of people and drive economic growth across the country.”
Tobi Asu-Johnson, CEO of Zap Africa, echoed this sentiment. “This investment is a validation of our commitment to empowering Nigerians through technology,” he said. “We will use this funding to accelerate our product development and expand our reach, bringing the benefits of cryptocurrency to more people.”
The pre-seed funding round represents a major milestone for Zap Africa and underscores the growing interest in the potential of cryptocurrency to transform financial services in Nigeria. With this investment, the company is well-positioned to continue its mission of building a more inclusive financial future for the country.
