Nestcoin Secures $1.9M Investment from Base Ecosystem Fund and Hashed Emergent to Scale Onboard Product

Nestcoin Secures $1.9M Investment from Base Ecosystem Fund and Hashed Emergent to Scale Onboard Product

#finance
#crypto
#finance
#emerging markets
#funding
#web3
Nestcoin, a development company housing modern finance project Onboard, has secured $1.9 million in a strategic funding round. Hashed Emergent, a Web2.5 fund for builders from emerging markets, led the round. Alter Global, Magic Fund, CMT Digital, and 4DX Ventures are among the existing investors that took part. Adaverse and Base Ecosystem Fund, two new investors, also participated.

A development firm, Nestcoin, housing the modern finance project Onboard, has received $1.9 million in strategic funding led by Hashed Emergent. Existing investors like Alter Global, Magic Fund, CMT Digital, and 4DX Ventures joined, along with new investors Adaverse and Base Ecosystem Fund. Nestcoin, reevaluating its objectives after the FTX cryptocurrency exchange's collapse, will use the funding to develop Onboard, a noncustodial wallet that aims to provide equitable access to financial services in frontier markets. Onboard offers secure self-custody of cryptocurrencies, enables email-based access, and supports P2P trading, with plans for a virtual card product.


Key Points:

- Nestcoin secures $1.9 million in funding led by Hashed Emergent.

- The funds will be used to develop Onboard, a noncustodial wallet for equitable financial access in frontier markets.

- Onboard offers self-custody, email-based access, and supports P2P trading.

- The investment comes after Nestcoin reevaluated its objectives following the FTX cryptocurrency exchange's collapse.

- Coinbase's Base Ecosystem Fund, a backer, is integrated into the Base ecosystem of decentralized apps (dApps).

- Nestcoin aims to expand beyond Africa's shores to address global challenges in the financial sector.


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