Nestcoin is a technology company.
Nestcoin has raised $2.0M across 1 funding round.
Nestcoin has raised $2.0M in total across 1 funding round.
Nestcoin has raised $2.0M in total across 1 funding round.
Nestcoin's investors include Hashed, Token Amigo, Aayush Phumbhra.
Nestcoin is a Lagos-based cryptocurrency startup founded in 2021 that builds, operates, and invests in crypto-native products tailored for everyday users in frontier markets, particularly Nigeria and Africa.[1][2][3] Its flagship product, the Onboard Wallet, is a self-custody digital wallet enabling seamless handling of digital assets without intermediaries, featuring a seedless setup, smooth UX, direct bank transfers, and Onboard Virtual Cards for spending crypto like cash in over 160 countries.[1] Nestcoin serves underserved populations seeking financial access, solving problems like geographic barriers to high-quality services by democratizing economic opportunities through simple crypto tools; it has raised $1.9M in seed funding at a $32M valuation and pivoted focus to Onboard after incubating projects in DeFi, media (Breach for crypto education), digital art, and gaming.[1][2][3]
Nestcoin was co-founded in 2021 by Yele Bademosi, CEO, who built his crypto expertise through hustle and key roles: starting with food delivery networks in Nigeria, joining Microtraction, then Binance Labs to foster Africa's blockchain ecosystem via investments.[2][3] At Binance, Yele incubated Bundle, a social payments app for cash/crypto that reached 100,000 users in Nigeria and Ghana by 2019, transforming him into a crypto authority amid Africa's rapid crypto growth (third-fastest globally per Chainalysis).[2] The idea for Nestcoin emerged from this backdrop, shifting from multi-project incubation to focused products like Onboard Wallet (launched April, with virtual cards as a milestone), backed by investors including Hashed Emergent, Adaverse, and Base Ecosystem Fund.[1][2]
Nestcoin rides Africa's crypto boom—third-fastest growing market globally—fueled by high remittance needs (crypto inflows rivaling traditional ones) and demand for inclusive finance in underbanked regions like Nigeria.[1][2] Timing aligns with regulatory shifts and global VC interest in frontier DeFi, positioning Onboard as a gateway for self-custody amid rising adoption.[1] It influences the ecosystem by incubating local projects, educating via Breach, and attracting capital (largest pre-seed in Nigeria at one point), fostering wealth creation and reducing reliance on centralized exchanges.[2][4]
Nestcoin's momentum—via Onboard expansions and $32M valuation—positions it to scale crypto banking for creators in emerging markets, with DeFi/digital art launches amplifying its portfolio.[1][2][6] Trends like Africa's crypto surge, self-custody demand, and virtual asset spending will shape growth, potentially evolving Nestcoin into a full-stack fintech leader influencing regional adoption. This builds on its mission to universalize financial access, turning geographic hurdles into scalable opportunities.[1]
Nestcoin has raised $2.0M across 1 funding round. Most recently, it raised $2.0M Seed in September 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2023 | $2.0M Seed | Hashed, Token Amigo, Aayush Phumbhra |