Female led startup Bitmama raises US$350,000 pre-seed funding for its expansion plan

NIGERIA – Bitmama, a female-led African blockchain startup, has announced a pre-seed raise of US$350,000 to will enable it to grow its operational presence, expand its team as well as penetrate new markets across the continent. The round was led by San Francisco-based VC, Flori Ventures, with participation from Nigeria-based investment fund Emergence Capital, Fedha Capital, and a host of VCs and angel investors. Founded in 2019 by Ruth Iselema, Bitmama provides a secured blockchain infrastructure that allows users across Africa to perform cryptocurrency transactions. The startup currently operates in…

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