Nigeria’s African Blockchain Lab Raises USD 6 Mn Funding Round

Nigeria-based African Blockchain Lab has received a USD 6 Mn pre-Series A investment to fund the launch of its crypto wallet VIBRA. The pre-Series A round was co-led by a consortium of global investors, including renowned African venture capital firms Lateral Frontiers VC, CRE Venture Capital, and Musha Ventures, as well as international blockchain investors Dragonfly Capital, Hashkey Capital, SNZ Capital, Fenbushi, Cadenza Capital, Head & Shoulder X, LeadBlock, Hash Global, Bonfire, Krypital, Despace and more.

African Blockchain Lab is a blockchain technology company and builder of the African crypto app VIBRA. VIBRA offers an easy way for beginners to learn and make trades with a community of experts, enabling Africans to effortlessly go from zero to crypto master. The funding will see Africa Blockchain Lab rollout VIBRA and add new features like VIBRA Earn, a crypto asset saving product that lets users earn interest on a variety of crypto assets.