More
    HomePartner ContentZap Africa Secures $300,000 in Pre-Seed Funding to Advance Financial Inclusion in...

    Zap Africa Secures $300,000 in Pre-Seed Funding to Advance Financial Inclusion in Nigeria

    Published on

    spot_img

     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.

    Latest articles

    R&D Maroc, the Fund Manager Behind Morocco’s Innov Invest Fund, Returns to the Scene

    Under the second edition of the Innov Invest Fund, R&D Maroc will offer the “Tech Start” program to startups that have progressed beyond the Proof of Concept stage and are ready to develop prototypes or Minimum Viable Products.

    With Over 200 Angels, $10M Renew Venture Lab Fund 2 Seeks Asset-light African Startups

    “Our journey began in 2012, and since then, we’ve been committed to supporting innovation and growth in African startups.”

    South African Climate-tech Plentify Secures Funding for International Expansion

    “Plentify may have cracked the code on how to architect energy management in the smart home of the future — enabling homes to cheaply and easily maximize their solar self-consumption.”

    Egypt’s Kemitt Secures Undisclosed Funding, Expands into Saudi Arabia

    With over 100,000 SKUs, Kemitt’s unique on-demand manufacturing model ensures orders are delivered efficiently within 7 to 12 days.

    More like this

    R&D Maroc, the Fund Manager Behind Morocco’s Innov Invest Fund, Returns to the Scene

    Under the second edition of the Innov Invest Fund, R&D Maroc will offer the “Tech Start” program to startups that have progressed beyond the Proof of Concept stage and are ready to develop prototypes or Minimum Viable Products.

    With Over 200 Angels, $10M Renew Venture Lab Fund 2 Seeks Asset-light African Startups

    “Our journey began in 2012, and since then, we’ve been committed to supporting innovation and growth in African startups.”

    South African Climate-tech Plentify Secures Funding for International Expansion

    “Plentify may have cracked the code on how to architect energy management in the smart home of the future — enabling homes to cheaply and easily maximize their solar self-consumption.”