Nigerian payments app Bundle launches after netting $450k from Binance

Bundle, a Nigerian payments app for cash and cryptocurrencies, has launched after netting $450 000 from global blockchain company Binance.

Bundle allows users to buy, sell, and store digital currencies, as well as deposit and withdraw digital currencies and local fiat starting with Nigerian naira.

Binance made the announcement in a blog post last week.

Bundle was founded by Yele Bademosi (pictured above), the founding partner of early-stage VC firm Microtraction and former director at Binance Labs.

Bundle allows users to buy, sell, and store digital currencies, as well as deposit and withdraw digital currencies and local fiat

Binance said Bundle’s product vision is to evolve into a super-app with a native digital wallet that supports crypto and cash — one that becomes an ultimate utility in everyday life for Africans and the world.

It said, while Bundle is the first of many projects incubated within the Binance ecosystem, Bundle operates as an independent entity from Binance.

“In the past, Binance has either invested in companies via Labs or given out grants via Binance X. Binance backs Bundle together with other African investors,” said Binance in the blog post.

Featured image: Binance Labs director Yele Bademosi (Binance Labs via Medium)