Yele Bademosi has officially stepped down as CEO OF Bundle Africa, a social payments app for cash and cryptocurrency.
Badesmosi disclosed this in a blog post where he stated that he intends to explore other areas that need more support in the African crypto community beyond traditional buy-and-sell currency trading.
“I write this to officially announce my decision to step down in my capacity as CEO of Bundle Africa as of tomorrow, July 31, 2021. It has been one amazing ride but I believe the time has come for me to take a step back and explore other areas that need more support in the African crypto community beyond traditional buy-and-sell currency trading,” he wrote.
Bademosi started out as the Director of Binance Labs, the venture arm of the crypto platform (Binance) where he was charged with developing Africa’s blockchain ecosystem, a position he held till April 2020. At Binance Labs, he raised some of today’s leading tech startups in the crypto ecosystem including Xend, Yellowcard, Bitsika, and Raise to name a few, which have all gone on to do amazing things.
In August 2019, he founded Bundle incubated within the Binance ecosystem. Bundle is an Africa-focused social payments app for cash and cryptocurrency, to drive crypto adoption on the continent by making it more fun, easy to use, and inclusive for Africans.
Emmanuel Babalola, the current director of Binance Africa will assume the role of the interim CEO of Bundle. Emmanuel is known widely for his tremendous contributions to the blockchain ecosystem.
What’s next for Bademosi
Yele will continue to drive the adoption of digital currency across Africa, with the many economic opportunities that come with it. He believes that blockchain technology and crypto are critical players in Africa’s economic transformation and he will continue to gear his efforts towards supporting and growing the nascent crypto community in Africa and other emerging markets.