Nestcoin
Lagos, NG Β· Founded 2021 Β· 31 employees on LinkedIn Β· 13 known investors
Nestcoin provides financial and banking services designed specifically for creators. The platform serves the creator economy market in the banking and fintech space.
Also known as Nestcoin Inc.
Founders & leadership
Nestcoin was founded in 2021 by Yele Bademosi.
Investors Β· 13
Also in the syndicate Β· 2
Funding
SEC filings, press & company announcements- Undisclosed amountstrategic fundingSep 2023
Hashed Emergent (lead), 4DX Ventures, Adaverse, Alter Global, Base Ecosystem Fund, CMT Digital, Magic Fund
Source β
Source: company announcements and press reports β follow each round's link for the claim.
Company profile
researched Aug 2026Nestcoin is a Nigeria-based company that builds, operates and invests in web3 applications, positioning itself as a parent company for crypto-native products that go beyond trading and investing. Its stated aim is to lower the barrier to entry to blockchain technology for users in Africa and other frontier markets, spanning decentralised finance, media, digital art and gaming.
On its own website, Nestcoin describes itself as building a modern banking app for people who create, build and innovate, framing conventional banking as poorly suited to creators. An early product is Breach, a media publication launched in November 2021 that uses newsletters and blog posts to explain crypto concepts such as blockchain, DeFi, DAOs, dApps and NFTs to newcomers. Nestcoin has also described plans to let community members earn through blockchain-based games and investment in digital art.
Founding story
Nestcoin was co-founded by Taiwo Orilogbon, former chief technology officer of Nigerian crypto exchange Bundle Africa, and Yele Bademosi. Bademosi began his venture career as founding partner at Microtraction, later served as a director of Binance's venture capital programme, and in 2019 received seed funding from that programme to launch the Nigerian payments app Bundle. He has invested in crypto companies since 2017, including as an early investor in Nigerian exchange Buycoins. Bademosi has said that at Bundle he concluded that in Nigeria the entry point to crypto β trading β was also its ceiling, prompting him to build products beyond it.
Business model
Nestcoin operates as a parent company that builds, operates and invests in multiple web3 products, alongside a consumer banking application. It has described building a user community around crypto education and then using that community to develop new products and revenue-generating projects.
Latest developments
Reported in February 2022 to have raised $6.45 million in pre-seed funding to expand global operations and invest in additional products aimed at accelerating crypto adoption and financial freedom in frontier markets.
βΈFull profile β market position, technology, go-to-market, geography, history
Market position
Nestcoin entered a market where Africa was the fastest-adopting region for cryptocurrency according to Chainalysis, yet the smallest crypto economy, receiving about 3% of global crypto value; the company positions itself around adoption beyond trading, citing Luno data that 55% of Nigerians do not use crypto because they do not understand it.
Rather than operating a trading venue, Nestcoin frames its focus on crypto use cases beyond trading and investment β media, DeFi, digital art and gaming β combined with education to close the crypto knowledge gap.
Technology
Products are built on blockchain and crypto rails, spanning decentralised finance, NFTs, DAOs and blockchain-based gaming, plus a consumer banking application.
Go-to-market
Consumer-facing products distributed directly, with crypto education used as an acquisition and adoption channel: the Breach media publication produces newsletters and blog content explaining crypto topics to novices, and the company aims to incentivise and reward community participation.
Consumers in Nigeria and the wider African market, and more broadly users in frontier markets; on its website the company targets creators, builders and innovators.
Geography
Headquartered in Nigeria with an initial focus on Nigerian users, then the wider African market, and a stated ambition to serve frontier markets and expand global operations.
History
Nestcoin was covered publicly in November 2021, when it launched its crypto media publication Breach, with David Adeleke β a media analyst and former head of communications at Eko Atlantic City β as managing editor and communications lead for Nestcoin. In February 2022 it was reported to have raised a $6.45 million pre-seed round to expand global operations and invest in more products.
Compiled by commissioned research from 4 cited public sources β announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed β not independently audited.
Timeline Β· 3
launches, deals, and filingsNestcoin, described as a company building, operating and investing in web3 applications, raised $6.45 million in pre-seed funding to expand global operations and invest in more products to accelerate crypto adoption and financial freedom in frontier markets.
$6.5M source β
Nestcoin officially launched Breach, a newsletter and blog platform explaining crypto topics such as DeFi, blockchain, DAOs, dApps and NFTs to novice audiences, led by managing editor David Adeleke.
Former head of communications at Eko Atlantic City David Adeleke was named managing editor for Breach and communications lead for Nestcoin.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
βΈResearch sources Β· 4
primary sources listed
- Nestcoinnestcoin.com Β· web
4 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Nestcoin do?
- Nigerian company building consumer crypto/web3 products and a banking app aimed at creators and builders.
- Who founded Nestcoin?
- Nestcoin was founded by Yele Bademosi in 2021.
- Who are Nestcoin's investors?
- Nestcoin's investors include 4DX Ventures, Adaverse, Alter Global, Electric Capital, LoftyInc Capital, Serena Ventures, Timon Capital, gumi Cryptos Capital (gCC) and 3 more.
- Where is Nestcoin headquartered?
- Nestcoin is headquartered in Lagos, NG.