Fintech startup Blueloop set to join Y Combinators Winter 2021 batch

NIGERIA – Blueloop, a fintech startup, has announced that it has been accepted into the Y Combinators Winter 2021 batch. The startup will be joining 10 other African startups in the batch and will get access to a US$125k seed fund from the US-based accelerator. With its YC entry, Blueloop joins an increasingly reputable rank of startups like Paystack, Flutterwave, Buycoins, Kobo360, 54gene, to mention a few, that have passed through the accelerator. The startup was founded inn 2020 by two students from Obafemi Awolowo University, Ben Eluan co-founder and…

Read More

Fintech startup Blueloop has secured US$77k pre-seed funding in the last few months

NIGERIA – Blueloop, a Nigerian fintech startup, has taken on US$77,000 in pre-seed funding from Hustle Fund VC, Pioneer, Mozilla, and some angel investors this year as it builds Flux, a mobile app for crypto-based cross-border payments. Founded by Ben Eluan, Osezele Orukpe and Israel Akintunde, Blueloop is the company behind Flux, a mobile payments app for cross-border payments using cryptocurrencies. Using Flux, individuals and businesses can send and receive money from anywhere in the world, instantly convert it into cash, and spend it locally from their Flux Wallets. Flux…

Read More