Nigerian fintech startup Bridgecard completes $440k pre-seed funding round

Bridgecard, a Nigerian fintech firm, has acquired $440,000 in pre-seed capital to expand its user base and develop its platform.

Bridgecard, which was co-founded by Owumi Festus and Tunde Adewole, combines a user’s cards, bank accounts, and fintech wallets into a single card and app, allowing users to conduct online transactions, pay bills, and withdraw funds from any linked account.

Bridgecard just went public after a private beta in which it attracted 120 users and completed over $70,000 in transactions in two months. ABV Fund, Ingressive Capital, Voltron Capital, Venture Platform, Velocity Digital, and Berrywood Capital have all contributed to the pre-seed round, which totaled $440,000.

Johnson Yaya, Kennedy and Duke Ekezie from Kippa, and Miracle Anyanwu are among the other angel investors in the round.

Bridgecard plans to use the funds to extend the number of bank accounts that can be linked to the service, provide support for crypto wallets in approved countries, get the product into more hands, and improve online and card payment issues.

“We created Bridgecard because having just one bank account is challenging, and managing funds across many bank accounts is even more onerous.” “We intended to tackle this problem by creating a money operating system, a single app where you could spend, send, and track money across all of your bank accounts and wallets,” Adewole explained.

“We also wanted to provide our users with one card that can support all your online and offline transactions. Bridgecard moved from a mobile app my co-founder and I used to make our lives better to what we got over 5,000 people interested in. We really can’t wait to solve this problem for every African.”