Table of Contents

According to reports, the Web3 payment platform Bitmama has announced the completion of a pre feed round of financing, with the specific amount of financing not yet disclosed. The venture incubator accelerator Adaverse, jointly established by EMURGO Africa and Everest Ventures Group, will participate in the investment. Bitmama provides a convenient channel for cryptocurrency transactions. Originally a WhatsApp community for peer-to-peer cryptocurrency transactions, it has now developed into a Web3 platform with a full range of products, including multi-currency digital wallets, peer-to-peer cryptocurrency transactions, wallet to wallet global transfers, stable currency remittances, encrypted debit cards, and more. （techpoint）

Web3 payment platform Bitmama completes pre feed round financing

1. Introduction
2. Bitmama’s Pre-Seed Financing Round
3. Background Information on Bitmama
4. Products and Services Offered by Bitmama
5. Adaverse’s Investment in Bitmama
6. Future Plans for Bitmama
7. Conclusion
8. FAQs
# According to Reports, Bitmama Completes Pre-Seed Financing Round
As the world continues to move towards digital currency, payment platforms are becoming increasingly important in facilitating transactions. Recently, reports have emerged that Bitmama, a Web3 payment platform, has announced the completion of a pre seed round of financing, although the specific amount of financing has not yet been disclosed. In this article, we will explore this recent development, providing background information on Bitmama, the products and services they provide, Adaverse’s investment in Bitmama, and their future plans.

Bitmama’s Pre-Seed Financing Round

Bitmama, a payment platform that facilitates cryptocurrency transactions, has successfully raised funds in a pre-seed financing round. Although the specific amount raised has not yet been confirmed, the venture incubator accelerator, Adaverse, will be participating in the financing. EMURGO Africa and Everest Ventures Group jointly established Adaverse to invest in startups that use blockchain, IoT, and artificial intelligence technologies.

Background Information on Bitmama

Initially, Bitmama started as a WhatsApp community for peer-to-peer cryptocurrency transactions. However, it has now developed into a Web3 platform with a range of products and services. The platform provides a convenient channel for cryptocurrency transactions, where users can buy and sell various digital currencies. Bitmama was established in 2019, with the aim of making cryptocurrency transactions more accessible and user-friendly.

Products and Services Offered by Bitmama

As mentioned earlier, Bitmama offers a range of products and services that facilitate digital transactions. They include:
– Multi-currency digital wallets: users can store various digital currencies in their digital wallets, which they can access and manage through the platform.
– Peer-to-peer cryptocurrency transactions: With Bitmama, users can buy and sell different digital currencies to other users on the platform.
– Wallet to wallet global transfers: users can transfer digital currencies from their wallets to other wallets globally.
– Stable currency remittances: users can send and receive stable currency via Bitmama, which is a cryptocurrency pegged to a fiat currency.
– Encrypted Debit Cards: In addition to the above services, Bitmama also offers encrypted debit cards that users can use for shopping and other transactions.

Adaverse’s Investment in Bitmama

Adaverse’s investment in Bitmama is a significant boost to the company, as the venture incubator accelerator has an excellent track record of supporting startups that use blockchain and other emerging technologies. Adaverse’s investment will not only help Bitmama to continue to develop its platform and expand its scope but also provide invaluable mentorship and guidance to the business.

Future Plans for Bitmama

With the recent pre-seed financing, Bitmama is in a better position to implement their future plans. The company plans to refine its current products and services and develop new ones tailored to the needs of its users. Bitmama also plans to expand its reach, targeting new markets across Africa and beyond.

Conclusion

In conclusion, Bitmama has recently completed a pre seed round of financing. The Web3 payment platform provides a channel for the exchange of digital currencies, with a range of products and services that facilitate transactions. With Adaverse’s investment and support, Bitmama is poised to take advantage of the emerging trend of digital transactions and expand its reach across the continent and beyond.

FAQs

1. What is Bitmama?
Bitmama is a Web3 payment platform that facilitates digital currency transactions.
2. Who participated in Bitmama’s pre-seed financing round?
The venture incubator accelerator Adaverse participated in the financing.
3. What services does Bitmama provide?
Bitmama provides a range of services, including multi-currency wallets, peer-to-peer digital currency transactions, wallet-to-wallet global transfers, stable currency remittances, and encrypted debit cards.