About Bitmama
Bitmama is a company based in Lagos (Nigeria) founded in 2017. It operates as a FinTech and Commission-Based. Bitmama has raised $2 million across 3 funding rounds from investors including Angel List, Mercy Corps and Unicorn Growth Capital. Bitmama has completed 1 acquisition, including Payday. Bitmama offers products and services including Crypto Trading Platform and Crypto Cards. Bitmama operates in a competitive market with competitors including Gemini, FTX, Blockchain, Bitstamp and PDAX, among others.
- Headquarter Lagos, Nigeria
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Angel List
& 17 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Bitmama
Bitmama offers a comprehensive portfolio of products and services, including Crypto Trading Platform and Crypto Cards.
Platform for buying and selling various cryptocurrencies easily.
Cards for spending crypto on global purchases seamlessly.
People of Bitmama
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Funding Insights of Bitmama
Bitmama has successfully raised a total of $2M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(05 Oct 2021)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Seed - Bitmama | Valuation | Mercy Corps |
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| Sep, 2022 | Amount | Seed - Bitmama | Valuation | Unicorn Growth Capital , Launch Africa | |
| Oct, 2021 | Amount | Seed - Bitmama | Valuation | Flori Ventures |
Investors in Bitmama
Bitmama has secured backing from 18 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Angel List, Mercy Corps and Unicorn Growth Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Humanitarian services and impact investments are provided globally.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Venture capital fund focused on tech companies
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Founded Year | Domain | Location |
Investments & Acquisitions by Bitmama
Bitmama has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Payday.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Payday is recognized for offering global money transfer and virtual card services.
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2021 |
Financial Statements - Bitmama
Bitmama Comparisons
Competitors of Bitmama
Bitmama operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Gemini, FTX, Blockchain, Bitstamp and PDAX, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Platform offering crypto exchange solutions
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| domain | founded_year | HQ Location |
Cryptocurrency trading is facilitated through an online platform.
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| domain | founded_year | HQ Location |
App-based platform for exchange and trading solutions for cryptocurrency
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| domain | founded_year | HQ Location |
Cryptocurrencies are bought, sold, and exchanged via a mobile app.
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| domain | founded_year | HQ Location |
Online exchange platform for cryptocurrencies
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| domain | founded_year | HQ Location |
Online platform for crypto exchange
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Frequently Asked Questions about Bitmama
Bitmama was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Bitmama is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Bitmama is a funded company, having raised a total of $2M across 3 funding rounds to date. The company's 1st funding round was a Seed of $350K, raised on Oct 05, 2021.
Bitmama is established as a highly secure platform for trading cryptocurrencies such as Bitcoin, Ethereum, and Tether. Services are provided for buying, selling, and trading digital assets at competitive rates. Crypto cards are offered for global payments, enabling users to spend on international platforms and pay bills. Operations are conducted in partnership with licensed transmitters across various jurisdictions, ensuring compliance and transparency in financial transactions.
Bitmama's top competitors include Blockchain, Gemini and FTX.
Bitmama offers Crypto Trading Platform and Crypto Cards.
Bitmama has made 1 acquisition, including Payday.
Bitmama has 18 investors. Key investors include Angel List, Mercy Corps, Unicorn Growth Capital, Launch Africa, and Adaverse.