HomeStartupsBundle Launches Payments Startups for Cash and Cryptos with $450,000 Funding

Bundle Launches Payments Startups for Cash and Cryptos with $450,000 Funding

Jumia Black Friday Deals

The fintech industry in Nigeria might look saturated to some, but the bright minds know what to look out for and launch. That is the story of Bundle, a new payments app for cash and cryptos which just launched in Nigeria.

This service has also received a startup cash of $450,000 from Binance to get things running from the onset.

The app will make it easy for users to receive and make payments to their peers. The nice thing about the service is how it allows the receipt and sending of these payments in the form of either cash or crypto. Thus, those that are holding cryptocurrency don’t have to always be liquid before they can make necessary payments.

Likewise, their recipients now have a platform where the crypto can either be held or converted to Naira for their needs.

The startup is the brainchild of Yeye Bademosi, who is no newbie to this scene.

Before now, he has been the founding partner of an early stage VC firm (Microtraction) and was also one of the directors at Binance Labs for a while. This means that he has all the experience in what he is doing, and in more than one area too.

While the startup is leveraging the infrastructure of Binance to start strong, it is believed that they will operate independently of this global crypto exchange platform. Any which way it goes, this is another win for the Nigerian startup scene.

Latest articles

Best Valentine’s Day Gifts Ideas

Looking for a great Valentine's Day gift for your loved one? You are in...

Best Web Hosting Services for Small Business in 2024

Your business's online presence is as vital as any physical storefront or office. The...

8 Reasons to Buy the Oppo Reno 11 5G

Are you in the market for a new smartphone? Look no further than the...

10 Key Features of the Tecno Spark 20 Pro Plus

Tecno has introduced the top of the line member of its latest Spark Series....

How to Open OPay Account for Seamless Banking

OPay is a leading mobile banking and payment platform that allows you to make...

SpaceX launches First Starlink Direct to Phone Satellites

SpaceX has announced the launch of its first set of direct to cell satellites...

How to Track a Cheating Spouse

Lacking trust in a relationship can lead to sleepless nights, restlessness, and worry. If...

More like this

Why you need Strong Digital Supply Chain Management

Digital transformation is crucial to the survival of any business today. And to truly...

iiDENTIFii wins KPMG Tech Innovator in Africa

Following the incredible success of the inaugural competition last year, KPMG again called on...

Infibranches, a Nigerian stirrup, secures $2m funding from Shell-backed company

It’s always good news when Nigerian startups secure good funding to better their services...