About Nestcoin
Nestcoin is a company based in Nigeria founded in 2021 by Joseph Taiwo Orilogbon.. 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. Nestcoin operates in a competitive market with competitors including Phantom, imToken, Ripio, Argent and Jambo, among others.
- Headquarter Nigeria
- Founders Joseph Taiwo Orilogbon
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Nestcoin Holding Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$8.35 M (USD)
in 2 rounds
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Latest Funding Round
$1.9 M (USD), Seed
Sep 07, 2023
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Investors
Social Capital
& 19 more
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Employee Count
Employee Count
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Products & Services of Nestcoin
Nestcoin offers a comprehensive portfolio of products and services, including Banking App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App provides modern banking services for creators and innovators.
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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 Total Funding
- Total Rounds 2
- Last Round Seed — $1.9M
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First Round
First Round
(01 Feb 2022)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2023 | Amount | Seed - Nestcoin | Valuation | Hashed Emergent | |
| Feb, 2022 | Amount | Seed - Nestcoin | Valuation | Distributed Global , Alter |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Innovation in distributed networks and emerging technologies is facilitated by Hashed Emergent.
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Founded Year | Domain | Location | |
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Early-stage venture capital investments are made in emerging markets.
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Founded Year | Domain | Location | |
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Early-stage blockchain technology companies are invested in by the firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Nestcoin
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Nestcoin
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nestcoin Comparisons
Competitors of Nestcoin
Nestcoin 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 Phantom, imToken, Ripio, Argent and Jambo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Mobile app offering live fitness training & workout programs for the users
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| domain | founded_year | HQ Location |
Digital asset wallet for cryptocurrency exchange
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| domain | founded_year | HQ Location |
Online reseller of Bitcoins
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| domain | founded_year | HQ Location |
Mobile wallet for cryptocurrency and NFTs is provided.
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| domain | founded_year | HQ Location |
Web3 mobile infrastructure solutions are developed for a super app.
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| domain | founded_year | HQ Location |
Rainbow is recognized for providing secure crypto wallets.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Nestcoin
Frequently Asked Questions about Nestcoin
When was Nestcoin founded?
Nestcoin was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Nestcoin located?
Nestcoin is headquartered in Nigeria.
Is Nestcoin a funded company?
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 01, 2022.
What does Nestcoin do?
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.
Who are the top competitors of Nestcoin?
What products or services does Nestcoin offer?
Nestcoin offers Banking App.
Who are Nestcoin's investors?
Nestcoin has 20 investors. Key investors include Social Capital, Base, Alter Global, CoinFund, and Hashed Emergent.