About Nestcoin
Nestcoin is a Financial Services company based in Nigeria founded in 2021 by Joseph Taiwo Orilogbon. Platform that builds, operates, and invests in crypto-native products. Nestcoin has raised $8.35 million across 2 funding rounds from investors including Social Capital, Base and Alter Global. Nestcoin offers products and services including Banking App. Its focus areas include FinTech, Cryptocurrencies, Wallet and Hot Wallets. Its legal entity is Nestcoin Holding Limited.
Company details
Nestcoin was founded in 2021 in Nigeria as a platform focused on the cryptocurrency sector. Crypto-native products are developed, managed, and funded through its operations. The portfolio encompasses Onboard, a wallet solution for handling various digital currencies, and Metaverse Magna, a platform offering play-to-earn gaming experiences. Investments are directed toward similar ventures in the region.
- Headquarters Nigeria
- Founders Joseph Taiwo Orilogbon
- SectorsFinancial Services
- Email••••••••
- Website nestcoin.com
- Social LinkedIn X Instagram
- Legal Name Nestcoin Holding Limited
- Total Equity Funding$8.35M (USD)
in 2 rounds
- Latest Funding Round$1.9M (USD), Seed
Sep 2023
- InvestorsSocial Capital
& 19 more
Products & Services of Nestcoin
Nestcoin offers a comprehensive portfolio of products and services, including Banking App.
App provides modern banking services for creators and innovators.
Funding Insights of Nestcoin
Nestcoin has successfully raised a total of $8.35M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.9 million completed in September 2023. 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 $8.35M
- Total Rounds 2
- Last Round Seed — $1.9M
- First Round $6.45M
(Feb 2022)
- Investors Count 20
All 2 funding rounds of Nestcoin 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 |
|---|---|---|---|---|---|
| Sep 2023 | $1.9M | Seed | – | Hashed Emergent | |
| Feb 2022 | $6.45M | Seed | – | Distributed Global, Alter | – |
20 investors in total: 20 institutional.
Investors in Nestcoin
Nestcoin has secured backing from 20 investors, including venture fund and institutional investors. Prominent investors backing the company include Social Capital, Base and Alter Global.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Innovation in distributed networks and emerging technologies is facilitated by Hashed Emergent. | 2021 | hashedem.com | Dubai, United Arab Emirates | |
Early-stage venture capital investments are made in emerging markets. | 2015 | alter.vc | United States | |
Early-stage blockchain technology companies are invested in by the firm. | cmt.digital | Chicago, United States | ||
Venture capital firm focused on multiple sectors | magic.fund | San Francisco, United States | ||
Early-stage investments in technology companies are targeted by 4DX Ventures. | 4dxventures.com | Accra, Ghana | ||
Blockchain projects are funded by this venture capital firm. | distributedglobal.com | Los Angeles, United States | ||
Investments are made in early-stage startups by Serena Ventures. | serenaventures.com | San Francisco, United States | ||
Blockchain startups are funded by A&T Capital venture capital firm. | capitalant.com | Berlin, Germany | ||
Venture capital firm investing in tech sectors | rabacap.com | Nairobi, Kenya | ||
Tech companies are invested in by MSA venture capital fund. | msacap.com | Chaoyang, China |
Investor details for Nestcoin
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 Nestcoin
12 people are tracked at Nestcoin (5 in leadership, 7 in team).
| Name | Role | Group |
|---|---|---|
Joseph Taiwo Orilogbon | Co-Founder | Leadership |
Yele Bademosi | CEO And Co-founder | Leadership |
Memory Naggita | Vp, Talent And Operations | Leadership |
Joseph Fakorede | Head Of Finance | Leadership |
Henry Uku | VP Of Product | Leadership |
Laura Ofulue | Operations Manager | Team |
Paul Oladimeji | Product Manager | Team |
Oluseyi Adebiyi | Manager, Business Development Partnerships And Operations | Team |
Chukwuemeka Allison | Full Stack Engineer, Onboard Team | Team |
Lotachi A. | Lead Product Designer - Wallet | Team |
Miracle Senkungu | Customer Support Representative | Team |
Mouloukou S. | Investor | Team |
Complete people profiles for Nestcoin
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.
Timeline of Nestcoin
3 dated milestones of Nestcoin across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Nestcoin is founded.
- Funding First funding round of $6.5M.
- Funding Latest funding round, Seed, of $1.9M.
Web traffic of Nestcoin
The website of Nestcoin (nestcoin.com) receives about 2.6K visits a month.
- Monthly visits2.6K
▼ 67.6% vs previous month
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Frequently Asked Questions about Nestcoin
Nestcoin was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Nestcoin is headquartered in Nigeria.
Nestcoin is a funded company, having raised a total of $8.35M across 2 funding rounds to date. The company's 1st funding round was a Seed of $6.45M, raised on Feb 2022.
Nestcoin was founded in 2021 in Nigeria as a platform focused on the cryptocurrency sector. Crypto-native products are developed, managed, and funded through its operations. The portfolio encompasses Onboard, a wallet solution for handling various digital currencies, and Metaverse Magna, a platform offering play-to-earn gaming experiences. Investments are directed toward similar ventures in the region.
Nestcoin offers Banking App.
Nestcoin has 20 investors. Key investors include Social Capital, Base, Alter Global, CoinFund, and Hashed Emergent.
Nestcoin operates through Nestcoin Holding Limited.