​Nigerian Fintech Startup Wallets Africa Launches Spring, a Multi-Currency Wallet

​Nigerian Fintech Startup Wallets Africa Launches Spring, a Multi-Currency Wallet

Nigerian fintech company Wallets Africa has introduced "Spring," a multi-currency wallet designed to transform the way users manage their finances by providing effortless cashback and seamless Ethereum transactions. The platform, which was founded in 2018, has gained recognition for its innovative approach to financial services and already boasts 250,000 users for its consumer wallet in Nigeria, in addition to more than 20,000 registered business accounts.

Backed by influential investors like Swell Partners, Microtraction, Michael Seibel, and others in Silicon Valley, Wallets Africa has secured $1.6 million in funding. It's renowned for its consumer card issuing capabilities, offering a secure prepaid card solution. The company's commitment to innovation was acknowledged when it participated in the Ecobank Fintech Challenge in 2018.

With the launch of Spring, the Y Combinator-alumni aims to advance its mission of democratizing financial services. Spring empowers users to seamlessly establish accounts, complete transactions with the Ethereum cryptocurrency, and enjoy attractive cashback rewards for their financial activities.

John Oke, the founder and CEO of Wallets Africa, expressed enthusiasm about the launch, emphasizing its alignment with their mission to make finance accessible to all.

“We are thrilled to unveil Spring, which is aligned with our mission of making finance accessible to all. This is another leap forward in our journey,” said John Oke, CEO of Wallets Africa.

The company is also gearing up for a seed round, emphasizing the strong alignment between its aspirations and the interests of potential investors. Wallets Africa welcomes discussions with interested parties, anticipating that the Spring initiative will capture significant attention.