Founder Institute Lagos Founder Institute Lagos Founder Institute Lagos
  • Home
  • About
  • Partners
  • Advertise
  • Contact
  • Signup to receive updates
Innovation | Startups | Funding | Tech Blog in Africa
Advertisement
  • Home
  • Startups
  • Hubs
  • Funding
  • WomenTech
  • CleanTech
  • Blockchain
No Result
View All Result
  • Home
  • Startups
  • Hubs
  • Funding
  • WomenTech
  • CleanTech
  • Blockchain
No Result
View All Result
Innovation | Startups | Funding | Tech Blog in Africa
No Result
View All Result
Home Funding

Nigerian Crypto Startup, AFEN Group raises $1million in Token Sales Round

by Nike Abati
2021/04/21
in Funding
AFEN Group - techbuild
Share on FacebookShare on Twitter
Tweet
Share
Share

AFEN Group, the first government-backed NFT initiative recently held one of the quickest public sales in the cryptocurrency space where it raised over a million dollars during a token sales round.

Launched by its 27-year old CEO and former banker, Deborah Ojengbede, AFEN is a leading hub for African blockchain-related collaborations with a focus on decentralized finance, arts, real estate, and education.

Since cryptocurrency and blockchain- the technology driving it- continue to garner more attention than ever before, it’s not out of place to see African women playing a dominant role in the sector, further demystifying blockchain and its impact on education, healthcare and trading, just to mention a few.

For Deborah, formerly a business analyst at Union Bank, her experiences coupled with a desire to explore the world of crypto enabled her to build an enterprise that would provide revolutionary services to its clients.

RelatedPosts

Egyptian Startup BONBELL seeks $10M in Seed Funding after Closing $350k Initial Round

Egyptian Startup Sharwa secures $2M Pre-seed Round

SA’s AaaS DataProphet receives $10M in Series A Funding

Convertedin secures $3M in Seed Round for Strategic Hiring, Further Development

Revolutionizing opportunities through blockchain

Under Deborah’s leadership, AFEN aims to combine blockchain’s immutable data structure and the support of government bodies to legitimately offer products to its clients.

The Nigerian-based startup is on a mission to educate and expose more people to crypto and support careers in Blockchain technology. To achieve this, the company hopes to enroll newbies and startups to take up training on areas they are interested in.

It’s also set on a path to revolutionize the real estate industry by authenticating homeownership and making peer-to-peer property sales possible on the Blockchain, reducing the overall cost of acquiring property and making it easier to bequeath land after death.

According to its roadmap, AFEN Group plans to launch a product beta testing later in May as well as roll out its first batches of NFT sales in the same month.


Featured Image: Deborah Ojengbede, CEO, AFEN Group


Don’t miss important articles during the week. Subscribe to techbuild weekly digest for updates.

Join @techbuildafrica on Telegram
Tweet
Share
Share
ShareTweetShareSendShare

Subscribe us

Recent Posts

  • Application opens for Women’s World Banking Fintech Innovation Challenge
  • SFS Capital announces SFS Fund Mobile App to drive Mutual Fund investment
  • Samsung Galaxy Foldables: Flip4 and Fold4 hit Nigerian Market
  • Cybersecurity Assessment of top 50 Finance-based Android Apps indicates Critical Risk to Businesses in Nigeria
  • Egyptian Startup BONBELL seeks $10M in Seed Funding after Closing $350k Initial Round
  • What is Quick Commerce?
  • NW Tech Capital appoints Stella Damasus as Lead Talent Acquisition Consultant
  • Egyptian Startup Sharwa secures $2M Pre-seed Round
  • GrubTech partners Geidea, provides Cutting-edge E-payment Solutions for Restaurants and Cloud kitchens in Egypt
  • SA’s AaaS DataProphet receives $10M in Series A Funding
Innovation | Startups | Funding | Tech Blog in Africa

© 2013-2021 techbuild.africa. All Rights Reserved.

Navigate Site

  • About
  • Contact
  • WE-Forum
  • Privacy
  • Sitemap
  • Terms
  • Blockchain
  • CleanTech

Follow Us

No Result
View All Result
  • Home
  • Startups
  • Hubs
  • Funding
  • WomenTech
  • CleanTech
  • Blockchain

© 2013-2021 techbuild.africa. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In