Bitmama
Building virtual crypto card and cross-border payment infrastructure for emerging markets
What it does
Bitmama was founded in 2019 by Ruth Iselema as a crypto exchange platform that expanded into crypto-backed cross-border payments. The company offers peer-to-peer crypto trading, virtual dollar card issuing, and crypto-to-fiat payment APIs for African merchants. Notably, it launched Changera, a cross-border remittance app, to facilitate multi-currency international spend.
stablecoinsremittances
Known for
- Crypto-funded virtual dollar cards
- Changera cross-border remittance platform
- P2P cryptocurrency trading infrastructure
- Female-led African Web3 startup
Model & industry
Marketplace / Aggregator modelInvestment & Capital Markets
Funding history
$1.6M
Total raised
1
Rounds
Pre-seed
Latest stage
2022
Latest year
| Date | Stage | Amount | Lead investor |
|---|---|---|---|
| 2022-09 | Pre-seed | $1.6M | Unicorn Growth Capital |
Source: Condia Funding Tracker
Products & subsidiaries
Changera · Cross-Border Remittance & Virtual Card AppBitmama Crypto Wallet · Peer-to-Peer Crypto Exchange
Acquisitions
- Payday (2024). Acquired customer and asset base of cross-border neobank Payday.