">
TechMoran
  • About Us
  • Deals
  • Jobs
  • Motoring
    • Money
  • Pitch Your Startup
  • Submit Your Post
  • Freelance Gigs
  • Travel
  • Men’s Corner
  • Dating
Tuesday, January 19, 2021
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
No Result
View All Result
TechMoran
">
Home Startups

Binance launches Bundle, a Venmo for cash & crypto payments in Nigeria

Milcah Lukhanyu by Milcah Lukhanyu
9 months ago
in Startups
8 min read
0

​Binance has today announced Bundle, a social payments app for cash and crypto in Nigeria founded by Yele Bademosi, a former director at Binance Labs.

Bundle​,​ backed by Binance​,​ allows users to request, send and receive cash or crypto from their peers. Users can buy,​ sell and store digital currencies such as BNB, BTC and ETH​as well as deposit/withdraw digital currencies and local fiat currencies; starting with NGN​ (Nigeria Naira).

According to Yele Bademosi, “We built Bundle with the digitally native African user in mind. They are social, online and connected across geographical boundaries. They prefer their financial services delivered digitally via mobile apps as opposed to visiting brick and mortar bank branches.”

These transactions can be processed via various payment channels such as cards, bank transfer, and Mobile Money as well as safely stored in Bundle’s​ SmartWallet.

About​ 40 percent of banked Africans​prefer to use digital channels for banking transactions and use advanced financial tools. Africa as a whole has the largest youngest population in the world with a median age of 19 and more than 1 billion people expected to be born over the next 30 years.​Bundle aims to serve this young, digitally savvy and majority demographic that will lead Africa’s new and promising digital economy.

Despite its boundless human and economic potential, the Binance and Bundle team believe that Africa faces formidable socio-economic challenges such as access to financial services and hyperinflation that require bold, innovative and alternative solutions. Bundle is one of them.

Bundle’s product vision is to evolve into a super-app with a native digital wallet that supports crypto and cash – one that becomes a tech essential to everyday life for Africans and the world.

READ  DEMO Africa Names 40 Best Startups |Nigeria Shines With 14 out of 40

Related posts

This VC firm is Calling for Changes to Cut-and-paste VC Strategy In Africa

January 18, 2021
0

Tizeti rolls out high-speed 4G LTE in Edo with N4000/month broadband service

January 18, 2021
0

Copia Kenya hosts MIT Global Entrepreneurship Lab project 

January 18, 2021
0

Adam Molai’s JUA Kickstarter Fund Doubles to $2M to Kickstart African Entrepreneurship

January 15, 2021
0

“We believe Africa has several characteristics that make it a prime geographical location for the realization of the full potential of digital currencies, blockchain, and its applications. Currently, only 1.4 million people out of 1.2 billion people in Africa use crypto today. This is a worthwhile mission because making the blockchain ecosystem more accessible unlocks economic opportunity on and for the continent,”​says Bundle Chief Technical Officer, Taiwo Orilogbon.

Bundle will initially launch with 0 fees however KYC verification and fiat deposit and withdrawal limits apply*. The Bundle​ Android app is currently available​and the iOS app will be available in the coming weeks. Bundle does not currently support a desktop version.

Bundle plans to support over 30 African countries by the end of the year, creating a simplified fiat on/off ramp for crypto on the continent. Bundle’s mission is to make economic freedom and prosperity a reality for all Africans; and aims to drive crypto adoption on the continent by making it more fun, easy to use and inclusive for Africans whilst creating more daily use cases for it.

In September 2019, Bundle closed a successful pre-seed fundraise – raising $450k from Binance, the global blockchain company behind the world’s largest cryptocurrency exchange by trading volume and users, and various African investors.

READ  On-demand driver platform DriversNG launches to help you hire verified drivers

However, while Bundle is the​ first of many projects incubated within the Binance ecosystem,​ Bundle​ operates as an independent entity from Binance. ​In the past, Binance has either invested in companies via Binance Labs or provided grants via Binance X. Bundle is backed by Binance with other African investors – including PAVE investments.

Readers 2,679

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Tags: Bundle AfricacryptoNigeriaYele Bademosi
Milcah Lukhanyu

Milcah Lukhanyu

Milcah Lukhanyu covers daily news briefs at TechMoran. She is the person who will probably read your press release and get the story out of it or totally trash it. Send tips to [email protected]

Related Posts

Startups

This VC firm is Calling for Changes to Cut-and-paste VC Strategy In Africa

January 18, 2021
0
Startups

Tizeti rolls out high-speed 4G LTE in Edo with N4000/month broadband service

January 18, 2021
0
Startups

Copia Kenya hosts MIT Global Entrepreneurship Lab project 

January 18, 2021
0
Entrepreneurship

Adam Molai’s JUA Kickstarter Fund Doubles to $2M to Kickstart African Entrepreneurship

January 15, 2021
0
Startups

Nigeria’s TeamApt pivots to serve consumers, eyes expansion into West & North Africa

January 14, 2021
0
Business

Cellulant Group CEO Ken Njoroge to step down in June

January 14, 2021
0
work from home kenya
Startups

OZÉ Raises $700k To Digitize African MSMEs & Offer Them Affordable Capital

January 14, 2021
0
Startups

France’s OTT platform Molotov expands into 7 African countries

January 14, 2021
0

https://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoB
ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

pregnant woman kenyan

Nakuru County Has Introduced Smart Watches That Will Monitor Expectant Mother

January 19, 2021
uhuru

Here’s Why Facebook Flagged Uhuru’s Congratulatory Message To Museveni

January 19, 2021
digital marketing seo

6 Things A Digital Marketing Report Should Contain

January 19, 2021

Top Graphic Design 2021 Predictions

January 19, 2021

A Non-Profit American Organization Is Demanding For Telegram To Be Removed From The Apple Store

January 19, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: