Vella Finance, a US-based financial technology startup will enable the use of crypto utilization and spend ability in Africa. It is a startup that is based on helping Africans pay and receive money with cash or crypto anywhere in the world.
The new financial startup was founded by Mark Afolabi, Tolu Adedayo, and Segun Fagbami. Vella Finance’s aim is to enable crypto utility and spending ability in Africa.
“Vella wants to facilitate a crypto utility system for Africans at a time when fintech and cryptocurrency are both gaining traction in the region. The company was launched into beta on the 1st of November and has gone to record some little wins just after a few days in the market.”, Tolu Adedayo said.
With Vella Finance, users are going to be able to save in USDT, send money, pay merchants in China, receive money, swap currencies, and also pay bills using crypto or cash. The payment platform is presently live on the web and will come to Android and IOS soon.
“Over the past days, we have had a number of people who have shown sincere interest in what we are building and already love the Vella experience, we have successfully onboarded 300+ users and have done over $20,000 in transactions as at the last count”, Adedayo said.
Vella finance will be launching other new features adapted for African businesses in the coming months.