Recently, Convexity, Africa’s foremost blockchain-focused solution and consultancy company marked its one-year anniversary in its Abuja office in Nigeria after it embarked on a vision to establish Africa’s first fully functional Blockchain Hub in Nigeria with the aim of supporting startups working around blockchain solutions and sole entrepreneurs to develop their ventures.
In its first year, Convexity has provided a range of services including business building mentorship training, office/Co-working space with high-speed Internet broadband, while also adding funding from Angel, Venture Capitals at the end of their incubation period.
Beyond being a Blockchain hub, Convexity has added other arms including Accelerator fund, Blockchain Consulting and Products development
Convexity over the last one year researched local solutions to problems within Convexity Tech Lab, which include CHATS, WrappedCBDC and Aeropaye.
Speaking with Adedeji Owonibi, Founder/COO at Convexity, on the hub’s one year of operation, he mentioned that the idea is actually to get startups to make their idea into a viable business.
“We did that with a few startups, and they are currently on some of them were able to get them funds from international VCs, and some we invested personally into them”
Adedeji also mentioned that some of Convexity’s solutions are on the verge of coming out, he specifically mentioned the humanitarian aid transfer solution currently with the UNICEF Innovation office in New York.
Referring to Aeropaye, one of Convexity Tech Lab’s solutions, Adedeji commented that the product was recognized by the World Aviation Association as the new disruptive solution around aviation payment for airlines. According to him, Aeropaye would be launched in the Netherlands in October this year.
Convexity is expanding its partnerships in the higher institution circle as it recently collaborated with London Business School, Pan Atlantic University, where their Computer Science graduates/undergraduates intern with the Abuja-based blockchain hub.
Adedeji stated that Convexity has pivoted into 3 segments, Convexity Accelerator Fund, Convexity Consulting, and Convexity Tech Lab where it plans to innovate and begin to do research and development on new solutions.
“We brought like four or five solutions now, but want to see that we research solutions around what is locally a problem within us and we proffer solution in the convexity, innovation lab where all those things come from the developers, for any blockchain developers to actually put all these things together, and make sure we’re solving our problems locally and not looking elsewhere”
Adedeji further stated that Convexity is fostering a lot of new partnerships with different kinds of blockchain and the latest on the list is Near Protocol.
“This partnership will enable development on different platforms, from Solidity to Ross and a lot of blockchain development languages that young people don’t know about.”
Adedeji also confirmed to us that, the hub opened up its space for free use for undergraduate students who are currently on ASUU strike.
The blockchain platform is also looking at a partnership with A & D Forensics, to see how individual startup compliance units can be revitalized, as most of them do not pay attention to their compliance.
“We are working with regulators to make sure people that are within the crypto space, actually working with compliance from beginning to the end. So we’re partnering with most of the world-renowned compliance tools, ranging from Chainalysis to 21 Analytics, making sure that all these startups can actually do what we call the travel rule compliance. These are the kind of simple things they want to bring to startups to make sure that we contribute to their growth”, Adedeji concluded