ComiBlock, an investtech startup located in Nigeria, has announced that it has acquired funding from Expert Dojo, a growth accelerator based in California, in a sum that has not been revealed.
Since it was first introduced, the ComiBlock platform has racked up a total transaction volume of over $420,000 USD. Following the acquisition of investment from Expert Dojo, a firm that has invested in over 200 businesses all over the world, the ComiBlock team intends to develop even more rapidly.
ComiBlock will be able to expand its operations and make investments in product development thanks to the fresh cash it has received. This will help the company speed up the process of ethical cryptocurrency investing for consumers in frontier markets.
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A Look At What The Startup Does
ComiBlock is a goal-based investment crypto robo-advisor that was released in February 2021. It provides everyone with a smartphone access to planning tools, guidance, curated and thematic crypto-portfolios.
“Most crypto platforms are structured as an exchange and leave most retail users with a black box experience, which is unhealthy for many reasons. On top of that, most crypto exchanges see the average users as just an anonymised dollar value,” said ComiBlock co-founder and CEO Dennis Mary.
“These black box experiences have promoted an irresponsible and toxic investing culture. We’re rebuilding it entirely. The exchange model is an old factory. ComiBlock is effectively a new factory. Our recent funding from Expert Dojo is another sign of the faith and trust that our customers, partners, and investors have in ComiBlock. We’re honoured that they’ve come on this journey with us.”
Comiblock robo-advisor Comiblock robo-advisor
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard. You can book a session and speak with him using the link: https://insightsbyexpert