Dubai Bitcoin Startup Snags Seed Funding
Dubai-based bitcoin startup BitOasis has announced its first round of seed funding, in a round led by venture capital firm Wamda Capital, an investor focused on startups in the MENA (Middle-East and North Africa) region. BitOasis, a bitcoin wallet and exchange service that caters to several Arab countries, has announced its first round of seed funding. Participating investors include prominent bitcoin- and blockchain-space investor Digital Currency Group (DCG), payments processor Payfort, Samih Toukan – a tech entrepreneur and other unnamed angel investors based in Dubai and New York. The....
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New Funding to Help Bitmama Scale Up Crypto Use Cases in Africa
A Nigeria-based blockchain startup, Bitmama, recently closed its pre-seed funding round at $2 million after it added $1.65 million to the $350,000 that was raised in October last year. According to a Techcrunch report, the funding....
Online payment service provider PayFort is among a number of participants to invest in a seed funding round for Dubai-based bitcoin startup BitOasis. Additional participants included MENA-focused venture capital firm Wamda Capital, early Internet entrepreneur Samih Toukan, serial industry investor Digital Currency Group and a group of unnamed angel investors. The total amount raised was not disclosed. With the announcement, BitOasis becomes the first bitcoin startup in the region to announce venture funding, which positions the firm at the forefront of a very nascent sector of the global....
A Congo-based Web3 app developer, Jambo, recently said it raised $7.5 million in a seed funding round. According to a report, the startup’s successful seed round is the latest by an Africa-based firm that is working towards developing Web3. Startup’s Partnership With Social Media Companies Jambo, the Congo-based developer of a Web3 app, has raised $7.5 million in seed funding, a report has said. Parties that participated in the funding include Coinbase Ventures, Three Arrows Capital, Alameda Research, Tiger Global, Delphi Ventures, Alliance DAO, Defiance Capital, Yield Guild....
For Loyyal, participating in the Dubai Future Accelerators program is invaluable. The blockchain startup will work with Dubai Holding, who focus their attention on hospitality and real estate The name Loyyal may not ring a bell for most blockchain enthusiasts right now. Even though the company is focusing on global loyalty reward schemes, they have been flying under the radar. That was until earlier this week when the company announced they would participate in the Dubai Future Accelerators program. A big step for this blockchain startup, that much is certain. What is so interesting about....