His nickname is “Blockchain Oracle” and he operates from Lekki Lagos (Nigeria). His vision will make Nigeria’s central bank jealous. Franklin Odoemenam Peters is the peerless visionary in the Nigeria blockchain and cryptocurrency world. The world is noticing and he just raised $15 million with another $127 million in the secondary bank account. Bitfxt can get us to zero – yes, the enviable near-zero marginal cost of digital transaction and distribution on financial services. Nigerian banks are watching fintechs daily, Bitfxt is really the black swan! This young man just came out of university (UNN, 2017) and he is shaking the ordinances already.
From the press release
As one of Africa’s fast raising Blockchain Technology Company based out of Lagos, Nigeria, we have recently secured $15M in funding from a UK syndicate of Hedge Funds and UK company, Payitup Clearinghouse Ltd (UK). Furthermore, Bitfxt has also concluded an Agreement with the syndicate to extend a $125M Revolving Margin Facility for all its traders to leverage their position for a higher gain.
We have pioneered various proprietary technology outfits in Africa through decentralization and also leading the way to be the first in many aspects bring technology home. Bitfxt has created various networks within blockchain space across Africa with the launch of various partnerships with local community and outside of Africa incorporating technology as a social and economic development initiative led by current administration and to complement their efforts to diversify economic and financial inclusion via local content development initiative. Payitup Clearinghouse Ltd (UK), will act as a clearinghouse across all the markets in Africa and Europe through its affiliates and networks for immediate settlements.
“We are super excited about this development and we sincerely appreciate our existing customers for believing in us as we widen our doors to even more customers while still maintaining very high standards… We pledge to do even more than we have ever done. Over the next couple of months, we will be working on infrastructural expansion and launching of some jaw dropping products that will benefit Nigerians and Africans at large”. Franklin Peters, CEO BITFXT
In the last couple of years since our inception, we have always been known to set a tempo which is seemingly impossible to match in terms of blockchain and general ICT services such as the Bitfxt hybrid exchange, the first of its kind cryptocurrency powered ATM cards that can be used anywhere in the world, a global multi utility payment system known as BoundlessPay among others. The funds will help in the development of marking efforts through its subsidiary BoundlessPay as well as development of proprietary infrastructure to compliment existing financial networks. Users of BoundlessPay will have options of settling in US$ or Naira through our portal and also earn in US$ locally.
This funding round led by foreign institutional fund is a testament to our growth potential cultivated by our team that Bitfxt Technology brings to the Blockchain and Cryptocurrency space across Africa.
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