{"id":14981,"date":"2022-11-30T10:25:59","date_gmt":"2022-11-30T10:25:59","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/cameroonian-fintech-ejara-raises-8-million-in-series-a-investment-round-fintech-bitcoin-news\/"},"modified":"2022-11-30T10:25:59","modified_gmt":"2022-11-30T10:25:59","slug":"cameroonian-fintech-ejara-raises-8-million-in-series-a-investment-round-fintech-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/cameroonian-fintech-ejara-raises-8-million-in-series-a-investment-round-fintech-bitcoin-news\/","title":{"rendered":"Cameroonian Fintech Ejara Raises $8 Million in Series A Investment Round \u2013 Fintech Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Just over 12 months after raising $2 million, the Cameroonian fintech whose app allows users to buy and store crypto assets recently said it had received $8 million in its Series A investment round. According to Ruth Foxe Blader, partner at Anthemis, Ejara aims to become the one-stop platform where \u201ca suite of financial products will be accessible at their fingertips, without the need for any crypto knowledge.\u201d<\/strong><\/p>\n

Owning the Keys to Your Crypto<\/h2>\n

Ejara, the Cameroonian fintech whose app enables users to buy and store cryptocurrency in decentralized wallets, recently said it had raised $8 million via a series A investment. The fintech\u2019s latest fundraising series was jointly led by the United Kingdom-based venture capital (VC) firm Anthemis and Dragonfly Capital.<\/p>\n

Participating in the latest round were Mercy Corps Ventures, Coinshares Ventures, and Lateral Capital which just like Anthemis had similarly joined the fintech startup\u2019s previous round. According to a Techcrunch report<\/a>, new investors include Circle Ventures, Moonstake, Emurgo, Hashkey Group, and BPI France, while Blockworks co-founder Jason Yanowitz is one of the angel investors that participated in the round.<\/p>\n

The fintech\u2019s latest capital raise comes just over 12 months after Ejara said it had secured $2 million via a seed round. Meanwhile, the latest capital brings the total funds that the fintech has raised in under 18 months to $10 million. Commenting on the company\u2019s latest capital raise, Nelly Chatue-Diop, the CEO at Ejara, is quoted as saying:<\/p>\n

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When everyone was taking the other route and building centralized exchanges, we always thought that, if you want to own crypto, you need to own your keys. And that\u2019s pretty much what\u2019s saved us in turbulent times.<\/p>\n<\/blockquote>\n

From the around 8,000 clients it had in October 2021, Ejara now reportedly boasts over 70,000 users that hail from nine different French-speaking African countries.<\/p>\n

Meanwhile, Ruth Foxe Blader, partner at Anthemis, noted that Ejara had no intentions of \u201climiting itself to being a crypto app.\u201d Instead, the fintech is seeking to become a one-stop platform where \u201ca suite of financial products will be accessible at [users\u2019] fingertips, without the need for any crypto knowledge.\u201d<\/p>\n

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What are your thoughts on this story? Let us know what you think in the comments section below. <\/strong><\/em><\/p>\n

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\nTerence Zimwara <\/h6>\n

\nTerence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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