Investment app Ejara raises US$2m to help Francophone Africa region access crypto services

WEST AFRICA – Ejara, an app for Africa and its diasporas to access various investment, has raised US$2 million to help the Francophone Africa region pioneer the use of crypto and investment services. Ejara is one-year-old company founded by Nelly Chatue-Diop that offers fractional shares, commodities, cryptocurrency, and more. The round was led by CoinShares Ventures and Anthemis Group. Mercy Corps Ventures, Lateral Capital, LoftyInc Capital, and NetX Fund have joined them. A syndicate social fund and two angel investors, Pascal Gauthier of Ledger and Jason Yanowitz of Blockworks also took…

Read More

Co-founder of CBBE launches new crypto venture capital fund for African crypto startups

NIGERIA – The co-founder of Crypto for Black Economic Empowerment (CBBE), a coalition of 100 Black inventors and founders, Erikan Obotetukudo, has announced the launch of Audacity Fund, a new crypto venture capital fund. The Audacity Fund is a non-profit organization that to intends to invest in African crypto startups, with a special focus on decentralized finance (DeFi), a name for blockchain-based initiatives that eliminate financial middlemen such as banks, allowing people to lend, borrow, and trade directly with one another. “As exciting and interesting as blockchain and crypto is…

Read More