Bitmama
OperatingBitmama is a Nigerian crypto trading platform that allows faster, eaiser and cheaper exchange of cryptocurrencies in Africa.
- Blockchain
- Lagos, Nigeria
- Pre-seed
- Founded 2016
- bitmama.io ↗
- Total raised
- $2.5M
- disclosed
- Last round
- $1.7M
- Pre-seed
- Rounds
- 8
- since 2016
- Investors
- 7
- on record
- Employees
- 11-50
About Bitmama
Bitmama is a Nigerian crypto trading platform that allows faster, eaiser and cheaper exchange of cryptocurrencies in Africa. Bitmama enables traders to buy and sell Bitcoin, Ethereum, cUSD, Celo and other digital assets in Africa via its Exchange and Api services. Users can create their own wallets and start buying or selling digital currencies by connecting with their bank accounts, credit or debit cards and mobile money accounts.
Bitmama funding8 rounds
All 8 rounds →Bitmama has raised $2.5M across 8 disclosed rounds. The latest is a $1.7M Pre-seed announced 09 Sep 2022, led by Barbara Iyayi.
- $5KAngelAngel, $5K, $5K raised to date
- $1KAngelAngel, $1K, $6K raised to date
- $50KGrantGrant, $50K, $56K raised to date
- $100KPre-seedPre-seed, $100K, $156K raised to date
- $150KPre-seedPre-seed, $150K, $306K raised to date
- $95KPre-seedPre-seed, $95K, $401K raised to date
- $350KPre-seedPre-seed, $350K, $751K raised to date
- $1.7MPre-seedPre-seed, $1.7M, $2.5M raised to date
SLA Funding Index · grey is capital raised before each round
Who has invested in Bitmama
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 09 Sep 2022 | Bitmama Pre-seed | Barbara Iyayi +3 | $1.7M |
| 05 Oct 2021 | Bitmama Pre-seed | Flori Ventures +2 | $350K |
| 07 Jul 2021 | Bitmama Pre-seed | Not disclosed | $95K |
| 07 Jul 2021 | Bitmama Pre-seed | Emergence Capital | $150K |
| 07 Jul 2021 | Bitmama Pre-seed | Not disclosed | $100K |
| 02 Mar 2021 | Bitmama Grant | Celo Ecosystem Fund | $50K |
| 31 Mar 2019 | Bitmama Angel | Not disclosed | $1K |
| 24 Jan 2019 | Bitmama Angel | Not disclosed | $5K |
Bitmama founders & team
- Ruth IselemaFounder and CEO
- Akinbola AsaluChief Operating Officer
Bitmama competitorssame sector · similar funding
- Aboki AfricaLagos, Nigeria
- Bundle AfricaLagos, Nigeria
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Frequently asked about Bitmama
- Where is Bitmama based and when was it founded?
- Bitmama is headquartered in Lagos, Nigeria and was founded in 2016.
- Who founded Bitmama?
- Bitmama was founded by Ruth Iselema (Founder and CEO).
- Who is the CEO of Bitmama?
- Ruth Iselema is Bitmama's Founder and CEO.
- How much funding has Bitmama raised?
- Bitmama has raised $2.5M across 8 disclosed rounds. Its latest, a $1.7M Pre-seed, was announced on Sep 09, 2022.
- Who has invested in Bitmama?
- Backers include ODBA, Launch Africa, Flori Ventures, Barbara Iyayi and 3 others.
- What sector is Bitmama in?
- Bitmama operates in Blockchain, Financial Services and FinTech.
