Nigeria’s Scorefam Raises $25 Million Capital Commitment for Expansion
A $25 million funding commitment has been made to the Nigerian decentralized sports gambling platform Scorefam by the Bahamas-based investment company Global Emerging Markets (“GEM”) digital limited.
Scorefam will be able to broaden its reach, develop additional cutting-edge features, and keep hiring highly qualified staff thanks to this financial commitment.
According to Sofowora Babasola, COO and co-founder of Scorefam, “this cooperation marks a significant turning point in the company’s future growth. The money will enable us to carry out our goal of uniting the crypto and sports gaming industries by giving sports fans all over the world financial advantages. We are genuinely happy and excited for everyone to take part in what occurs next.
The money will hopefully give people the financial freedom they need to carry out their strategic development objectives. These plans include moving forward with the introduction of two additional anticipated features, namely Flexible and Multiflex Gaming, continuing to improve our current flagship feature, Locked Gaming, starting work on the Scorefam NFT and NFT marketplace, and carrying out a number of other unique side projects.
Additionally, Scorefam hopes to keep acquiring excellent individuals from all over the world with the commitment cash.
Through sports gaming, the aims to establish a platform for the global acceptance of cryptocurrencies. We think that by making it possible to profit passively from the world’s favorite hobby, the advancements the money will enable will prove to be incredibly profitable and advantageous for crypto newcomers.
“Our organization’s cornerstones are a relentless mind, unshakeable resolve, and a results-driven strategy. Because of this, I am happy to have accomplished this feat with our outstanding team and a prestigious organization like GEM. This money is the first step toward achieving our objectives, exceeding them, and coming up with fresh, innovative ideas along the way. Simisoluwa Adeyemo, CEO and founder, “With a team like ours backed like GEM, we’re certain to meet every obstacle head-on and come out victorious.
Global Emerging Markets (“GEM”) is an alternative investment company with $3.4 billion in assets and offices in Paris, New York, and the Bahamas. GEM has completed over 530 transactions in 70 different countries while managing a wide range of investment vehicles with a concentration on emerging markets.
The level of operational control, risk-adjusted return, and liquidity pool varies for each investment vehicle. GEM and its partners have access to Small-Mid Cap Management Buyouts, Private Investments in Public Equities (PIPEs), and specific venture investments through the family of funds and investment vehicles.
