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Francophone Africa pioneers cryptocurrency start-up raises $ 2 million – Credit funding Bitcoin News

Ezra, the founder of Cameroonian Fintech, has raised $ 2 million to pioneer the use of crypto and investment services in French – speaking African countries. Coinshires Ventures and Anthemis Group led the fundraising, which involved Mercy Corps Ventures, Late Capital, Lofty Inc. Capital and Netx Fund.

Use of crypto to protect the savings of Francophone Africa

According to a report, the start-up, started by Cameroon’s Nellie Chateau-Diop, wants to “invest as little as $ 9 (CFA 5000) in leveling the playing field for the average French-speaking African.” In addition, Chateau-Diop hopes that this initiative will enable non-aristocrats in the area to escape and avoid the painful experience of losing everything like their family.

“I was really young and we were part of the middle class. All of our savings fell overnight and then the government could not even pay our salaries. So even at that tender age, I kept asking myself how I did everything right and still end up in that zone. So it stuck in my mind, ”Chatu-Diop explained.

According to the report, it was Chateau-Diop’s family experience that led her to learn about Bluchen and eventually to partner with Baptist Andreuix to start Ezra in Cameroon.

According to the creator, Ezra, who has about 8,000 users in six French-speaking African countries, plans to “diversify to offer other assets, including fractions, wholesale and merchandise.”

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