Bundle, the Nigerian fintech startup that launched a social payments app for cash and cryptocurrencies has commenced its regional expansion to Ghana, as part of plans to be active in other African countries by the end of this year. Established in April 2020 by Yele Bedemosi, Bundle is a social app that allows users to request, send and receive cash or crypto from their peers. Users are able to buy, sell and store digital currencies as well as deposit or withdraw digital currencies and local fiat currencies.
Drawing experience from his founding of early-stage VC firm Microtraction which he co founded, Yele Bedemosi wants Bundle to be incubated within global blockchain company Binance and secured US$450,000 in funding from the firm in advance of its launch. The startup has now launched in Ghana, meaning Ghanaians can download Bundle on Google Play and the App Store. This is the first step of the startup’s plan to expand to several African countries before the end of 2020, giving more Africans the option to trade and store various cryptocurrencies.
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“We’re super-excited to finally bring Bundle to Ghana. I believe the country has immense potential for crypto adoption. Ghana is the right environment for Bundle to thrive,” said Bademosi. Bundle has recorded exponential month-on-month user and transaction growth since it began operations, hitting an all-time high monthly trade volume of US$14 million in September and launching its Vault cryptocurrency savings feature earlier this month.
Kelechi Deca
Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry