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DEAL: Nigerian startup, Nestcoin raises $6.4 million in pre-seed funding

Yele Bademosi, Co-founder, Nestcoin

Nestcoin, Nigerian originated startup has announced the raise of $6.4 million in pre-seed funding. This is the first funding the company would be raising since it was founded.

This announcement was made on the Twitter page of Co-founder, Yele Bademosi. The company intends to use this funding to grow its diverse team to reach across more countries, to expand the company’s product range and invest in more ventures aligned with its vision.

Nestcoin is a tech startup that creates and operates web 3 applications. The company also invests in other companies that do the same in a bid to facilitate the growth of crypto and web 3 on the African continent.

What they are saying about the funding

On the plan of the company to create crypto awareness and accessibility and to also educate the public on all that is achievable in crypto, the Co-founder of Nestcoin had this to say;

‘There is a lot of innovation happening within the crypto ecosystem, but without an equivalent dedication to education and simplified user experience, the gaps separating the informed, misinformed and uninformed continue to increase.”

“For many, crypto is merely about trading or investing with little to no applicability beyond that, but this is far from reality. Crypto is driving an economic revolution, one that would undeniably enrich the lives of those fortunate enough to be a part of the movement, yet many are still in the dark. Nestcoin is here to change this. Alongside a remarkable team of digital innovators, our mission is to democratize access to crypto and its many life-changing opportunities,” he added.

What you should know about Nestcoin

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