Nestcoin has successfully raised $1.9M in a strategic funding round led by Hashed Emergent, with participation from a global consortium of investors including Adaverse, Base Ecosystem Fund, Alter Global, CMT Digital, Magic Fund, 4DX Ventures and participating angels. This funding will enable Nestcoin to strengthen its balance sheet and further its agenda to create equal access to economic opportunities through Onboard.
https://nestcoin.com/press/3
This news comes as a huge boost to the African web3 innovation space as well as a display of confidence in the Nestcoin mission to create universal access to world-class financial services, especially after the sad news of the FTX collapse last year which led to lay-offs. Nestcoin was hit hard.
Announcing the raise on X, Yele Bademosi, Nestcoin founder said:
… At Nestcoin, we recognize the limitations of traditional finance in providing solutions for the future. This capital allows us to focus our efforts on building @Onboardwallet, a borderless digital money app for anyone anywhere.
Yele Bademosi, Nestcoin founder and CEO
As congratulations poured in from the African community, we are excited to see the new heights the team reaches with Onboard Wallet.
Onboard wallet
The recently launched Onboard Wallet is a secure self-custody wallet for managing digital assets with no middlemen. Onboard Wallet provides a seamless user experience, a seedless wallet, and an easy way to transfer funds directly to a bank account without going through a centralised exchange.
About Nestcoin
Nestcoin is an organisation that is creating equal access to economic opportunities by building products to make modern finance borderless, trustless, and delightful. They are currently doing this through Onboard – a digital money app that provides modern, world-class financial services.
