Adaverse, a pioneering accelerator within the Cardano ecosystem operating across Africa, the Middle East, and Asia, recently concluded a strategic investment in Altify. The investment, amounting to undisclosed figures, represents a significant step in Adaverse’s mission to empower startups, particularly those focused on driving blockchain innovation globally. Altify, the recipient of this investment, stands out as a wealth-building and savings platform with over 80,000 users across Africa and Europe. The platform aims to democratize access to alternative investments, including private credit, venture capital, real estate, crypto assets, and more. Altify utilizes blockchain to make these investments accessible to everyday investors through secure, fractional digital assets.
Why the Investor Invested
The investors, represented by Adaverse, strategically invested in Altify for several compelling reasons rooted in the unique value proposition and potential of the alternative investment platform.
In the first place, Altify was identified as a pioneering force in the financial sector, particularly in its innovative use of blockchain technology. This technological approach, allowing for the creation of secure, fractional digital assets, appealed to Adaverse’s vision of investing in the future. The acknowledgment of Altify as pioneers by Vincent Li, Founding Partner of Adaverse, underscores the strategic alignment between the accelerator and Altify in driving forward-looking solutions in the financial landscape.
Again, Altify addresses a critical gap in the market by democratizing access to a diverse range of alternative investment opportunities. The platform’s focus on making investments traditionally reserved for high-net-worth individuals and institutions accessible to everyday investors aligns with the broader mission of Adaverse to empower startups that drive blockchain innovation globally. Altify’s commitment to financial inclusivity resonated with Adaverse’s ethos of supporting ventures that contribute to market inclusivity and disrupt traditional barriers.
Furthermore, Altify’s CEO and Co-Founder, Sean Sanders, brings a wealth of experience in investment management, venture capital, and entrepreneurial pursuits. The investors recognized Sanders’ leadership and the strategic vision behind Altify, as evidenced by the CEO’s commitment to making wealth-building more accessible for younger and everyday investors. Sanders’ determination to bridge the investment diversity gap for retail investors and democratize access to lucrative alternative markets showcased a strong alignment with Adaverse’s goals.A Look at Altify
A Look At Altify
Altify, founded in Q4 2023, resulted from a merger between South African platforms Revix and BitFund, along with Austria’s Coinpanion. The platform focuses on alternative investments, providing users the ability to invest with as little as $10 in assets like private credit, real estate, and cryptocurrencies. Altify’s CEO and Co-Founder, Sean Sanders, who previously founded Revix, envisioned Altify as a solution to the limited investment diversity available to everyday investors. The platform’s uniqueness lies in its user-friendly interface, low entry investment threshold, and diverse asset offerings, including crypto bundles, enhanced cryptocurrency pairs, and physical gold. Sean Sanders, a CFA Charterholder, expressed his frustration as a retail investor and outlined Altify’s mission to democratize access to alternative investment markets, historically dominated by the ultra-wealthy.
Altify is not only rooted in South Africa but also has a presence in the UK and Austria. The company plans to expand globally, adding private credit, real estate, and venture capital to its offerings. Leveraging Adaverse’s global network and expertise, Altify aims to position itself as a comprehensive hub for alternative investments, further aligning with its mission to democratize wealth creation on a global scale.
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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.