Bridgecard, a Nigerian fintech firm, has acquired $440,000 in pre-seed capital to increase 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 test in which it attracted 120 users and completed over $70,000 in transactions in only two months. ABV Fund, Ingressive Capital, Voltron Capital, Venture Platform, Velocity Digital, and Berrywood Capital have all contributed to the pre-seed round, which totalled $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 difficulties.
“We built Bridgecard because it’s quite difficult to have just one bank and even more difficult to manage funds across multiple bank accounts. We wanted to solve this problem by building an operating system for money, one app where you could spend, send, and see the money in all your bank accounts and wallets,” said Adewole.
“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.”
