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Nigeria’s Crypto-Friendly Fintech, BridgeCard, Among 3 Latest African Entrants into Y-Combinator
Co-founded by Owumi Festus and Tunde Adewole, BridgeCard merges a user’s cards, bank accounts, crypto, and fintech wallets into one app, allowing them to perform online transactions, pay bills, and withdraw from any linked account.Reader Rating2 Votes91Digital Banking service startup BridgeCard is one of 3 entrants to Y Combinator’s S22 batch, bringing the number of African startups selected to the batch to 7 out of 219.
The 3 latest entrants include:
In May 2022, Bridegecard raised a $440, 000 pre-seed funding round to expand its user base and build out its platform.
Co-founded by Owumi Festus and Tunde Adewole, BridgeCard merges a user’s cards, bank accounts, crypto, and fintech wallets into one app, allowing them to perform online transactions, pay bills, and withdraw from any linked account.
In addition, the startup provides a physical card that permits withdrawals from any Nigerian or international bank account, as well as a dollar card with a $10, 000 monthly spending limit.
SEE ALSO: Nigerian Fintech Startup, BridgeCard, raises $440K to Support Crypto Wallets in Select African Countries
Y-Combinator is an American technology startup accelerator launched in March 2005. It has been used to launch more than 3,000 companies, including the following from Africa:
Twice a year, Y-Combinator invests $500, 000 per company in selected startups before a 3-month program to get them into the best possible shape and refine their pitch to investors. Each cycle culminates in a Demo Day when the startups present their companies to a carefully selected, invite-only audience.
Y-Combinator global alumni include:
RECOMMENDED READING: African Startups Have Gone On to Raise $1.5 Billion Post YC – 2/3 Went to Nigeria