Nigerian crypto startup Coinazer is expanding to Brazil after seeing remarkable success in its user base and the value of transactions. Founded in April 2022, the company is boasting 5,000 users and facilitating transactions worth an impressive $3.8 million.
At the core of Coinazer's mission is to empower individuals and businesses, providing them with seamless, secure, and cost-effective access to cryptocurrencies and blockchain technology. The company's wallet offers users complete control over their digital assets, and its platform enables the buying, selling, and trading of a diverse range of cryptocurrencies.
One of Coinazer's key objectives is to reduce fees, enhance security, and increase accessibility and reliability, differentiating itself from many crypto wallets and exchanges. The startup's focus on addressing market gaps and providing a holistic solution positions it well in the growing African digital remittance market.
Coinazer initially secured funding from an angel investor and is now in the pre-seed phase, with plans for further development and expansion.
Coinazer's global footprint expansion to Brazil represents a significant step in its efforts to reach a broader audience. The company says it has brokered partnerships with over 40 key players in the blockchain and fintech industries that have allowed it to enhance services, extend its reach, and collaborate with like-minded organizations dedicated to advancing financial inclusivity.
With ambitious plans for further development and expansion, the startup aims to become a globally recognized leader in digital remittances and blockchain-based financial services.