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
- SectorsFinancial Services
- Website bitmama.io
- Social LinkedIn X Facebook Instagram
- Total Equity Funding$2M (USD)
in 3 rounds
- InvestorsAngel List
& 17 more
- Investments & Acquisitions
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.
Apps and channels of Bitmama
Bitmama publishes 1 mobile app with over 50K+ downloads.
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 $2M
- Total Rounds 3
- First Round $350,000
(Oct 2021)
- Investors Count 18
All 3 funding rounds of Bitmama with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2023 | – | Seed | – | Mercy Corps | – |
| Sep 2022 | $1.65M | Seed | – | Unicorn Growth Capital, Launch Africa | |
| Oct 2021 | $350,000 | Seed | – | Flori Ventures |
18 investors in total: 15 institutional and 3 angel.
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 |
|---|---|---|---|---|
Humanitarian services and impact investments are provided globally. | 1979 | mercycorps.org | United States | |
- | – | unicorngrowthcap.com | - | |
Venture capital fund focused on tech companies | – | launchafrica.vc | Ebene City, Mauritius | |
Flori Ventures is focused on seed-stage investments in startups. | – | floriventures.com | - | |
Investments in tech startups and acceleration of entrepreneurs are provided. | – | greenhouse.capital | Ikeja, Nigeria | |
Venture capital is provided to female-focused African tech startups. | 2020 | five35.ventures | Johannesburg, South Africa | |
- | – | chrysaliscapital.org | - | |
- | – | odba.vc | - | |
A sector-agnostic venture capital firm based in Nigeria. | – | fedhacapital.com | Lagos, Nigeria | |
- | – | adaverse.co | - |
Investor details for Bitmama
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Bitmama
13 people are tracked at Bitmama (2 in leadership, 11 in team).
| Name | Role | Group |
|---|---|---|
Sobechukwu Eze | Head of Finance | Leadership |
Nana Afua Ntiriwaah Ohene | Head of Product | Leadership |
Temidayo Akintola | Associate Product Manager | Team |
Inalegwu Ondoma | Brand Ambassador | Team |
Immanuel pison | Creative Designer | Team |
Jeremiah Tanimonu | Creative Lead | Team |
Duncan Muchangi | Investor | Team |
Adeola Adebo | Web Content Writer | Team |
Phebean Oyesiku | Financial Analyst | Team |
Olalekan Lawal | Software Engineer | Team |
Dayo Famuyiwa | Software Engineer | Team |
Victor Anunobi | Associate Product Manager | Team |
Rasheed Alabi | Software Engineer | Team |
Complete people profiles for Bitmama
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
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 | Acquired | Amount |
|---|---|---|---|---|---|---|
Payday is recognized for offering global money transfer and virtual card services. | usepayday.com | Vancouver, Canada | 2021 | Dec 2023 | $1M |
Complete acquisition details for Bitmama
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Bitmama
4 dated milestones of Bitmama across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Bitmama is founded.
- Funding First funding round of $350K.
- Funding Latest funding round, Seed,.
- Acquisition Acquires Payday.
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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| gemini.com | 2014 | New York, United States | $423.9M | 551 | Platform offering crypto exchange solutions | |
| ftx.com | 2019 | Nassau, Bahamas | $1.73B | 41 | Cryptocurrency trading is facilitated through an online platform. | |
| blockchain.com | 2011 | London, United Kingdom | $700M | – | App-based platform for exchange and trading solutions for cryptocurrency | |
| bitstamp.net | 2011 | London, United Kingdom | $11.37M | – | Cryptocurrencies are bought, sold, and exchanged via a mobile app. | |
| pdax.ph | 2017 | Makati, Philippines | $62.5M | – | Online exchange platform for cryptocurrencies | |
| bit2me.com | 2015 | Valencia, Spain | $83.22M | – | Online platform for crypto exchange | |
| liquid.com | 2014 | Japan | $20M | – | Digital assets are exchanged through an online platform. | |
| bithumb.com | 2013 | Seoul, South Korea | $200M | – | Cryptocurrency exchange services are operated in South Korea by Bithumb. | |
| bitmart.com | 2017 | New York, United States | – | – | Cryptocurrency trading is supported via a mobile application platform. | |
| dunamu.com | 2012 | Seoul, South Korea | $138.18M | – | Cryptocurrency is exchanged, bought, and sold via an online platform. |
Detailed competitors of Bitmama
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Bitmama
The website of Bitmama (bitmama.io) receives about 33.8K visits a month.
- Monthly visits33.8K
Websites whose visitors overlap most with Bitmama. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| choise.com | 100% | 34.4K | #1,280,076 | View details | |
| cryptopay.me | 77% | 46.1K | #744,864 | View details | |
zypto.com | zypto.com | 74% | – | #601,044 | – |
| hyperpay.tech | 74% | 2.9K | #3,407,006 | View details | |
| stealthex.io | 74% | – | #308,395 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 9 similar websites and full traffic analytics for Bitmama
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 9 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Bitmama
Complete news archive for Bitmama
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Bitmama
10 companies that operate in the same segment as Bitmama (Cryptocurrencies), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border cryptocurrency payments for businesses are enabled through APIs. | 2013 | Boston, Massachusetts, United States | USD 1.51 B | USD 2.75 B | – | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | – | |
App-based platform for exchange and trading solutions for cryptocurrency | 2011 | London, England, United Kingdom | USD 700 M | – | – | |
Terraform Labs is engaged in blockchain technology development. | 2018 | Singapore, Singapore | USD 57 M | – | – | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, France | USD 575.4 M | – | – | |
App-based wallet and exchange platform for cross-border money transfers | 2013 | London, England, United Kingdom | USD 73.36 M | – | – | |
Cryptocurrency trading, storage, and exchange services are offered online. | 2012 | San Francisco, California, United States | USD 546.62 M | USD 7.18 B | 3,770 | |
Cryptocurrencies are traded and exchanged through an online platform. | 2014 | Mexico City, Mexico | USD 331.35 M | – | – | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 85 | |
Mobile app for storing and trading cryptocurrencies is utilized. | 2013 | London, England, United Kingdom | USD 13 M | – | – |
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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 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.
Yes. Bitmama publishes Bitmama-Buy, Sell, Earn Crypto, with over 50,000 downloads.