Nigeria’s Crypto-Friendly Fintech, BridgeCard, Among 3 Latest African Entrants i...
source link: https://bitcoinke.io/2022/09/bridgecard-joins-ycombinator/
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Nigeria’s Crypto-Friendly Fintech, BridgeCard, Among 3 Latest African Entrants into Y-Combinator – BitcoinKE
We're super excited to be backed by @ycombinator
— Bridgecard (YC S22) (@mybridgecard) August 16, 2022in the S22 batch.@mybridgecard is the Master/Visa card issuer for Africa. We make it easy for Fintechs to issue cards to their customers that’ll work anywhere in the world.
Learn more at https://t.co/yJMiEVRrnC pic.twitter.com/jjVvmvHpYm
Digital 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:
- BridgeCard – A fintech and crypto wallet
- Anchor – a Banking-as-a-Service platform
- FoodCourt – Food delivery startup
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.
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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:
- Flutterwave
- Paystack
- Kobo360
- Cowrywise
- MarketForce
- WaystoCap
- WorkPay
- Healthlane
- Trella
- 54gene
- CredPal
- Breadfast
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:
- Stripe
- AirBnB
- Coinbase
- DropBox
- Twitch
- Quora
- Scribd
- Optimizely
- Firebase
- CodeAcademy
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RECOMMENDED READING: African Startups Have Gone On to Raise $1.5 Billion Post YC – 2/3 Went to Nigeria
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