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Nigerian Web3 Startup Nestcoin Secures $1.9 million in Funding

[Sep 11, 2023 5:30 AM] The Nigerian Web3 startup Nestcoin has reportedly secured a total of $1.9 million in funding from both existing and new investors. The capital raised will be used to bolster Nestcoin’s finances and further develop the startup’s…

Report: Chipper Cash Valuation Dropped to $1.25 Billion After it Secured Additional Funding From FTX

[Dec 10, 2022 3:30 AM] After Chipper Cash ended 2021 as one of Africa’s most valued fintechs, the FTX-backed startup’s valuation dropped from $2 billion to $1.25 billion after it reportedly received a $35 million simple agreement for future equity (SAFE)…

Nigerian Web3 Startup Says Funds Are Stuck With FTX, Lays Off Employees

[Nov 17, 2022 5:00 AM] Nestcoin, a Nigerian Web3 startup which got an investment from Alameda Research in 2021, revealed on Nov. 14 that it had “a significant proportion of stablecoin investment” stuck at FTX. According to the startup’s CEO, laying off…

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