Vella commences beta testing, to enable crypto utility in Africa

Vella Finance, a US-based financial technology startup redefining financial freedom for Africans has launched into the beta testing stage in Nigeria.  

Founded by Mark Afolabi, Gabriel Ajenifuja, Segun Fagbami and Tolu Adedayo. Vella’s mission is to enable crypto utility and spend ability in Africa.  

Tolu Adedayo said, "Vella wants to facilitate a crypto utility system for Africans at a time when fintech and cryptocurrency are both gaining traction in the region.  The company was launched into beta on the 1st of November and has gone to record some little wins just after a few days in the market".  

"Over the past days, we have had a number of people who have shown sincere interest in what we are building and already love the Vella experience, we have successfully onboarded 300+ users and have done over $20,000 in transactions as at the last count", Tolu said.  

With  Vella finance users are able to save in USDT, pay merchants in China, send money, spend money, receive money, SWAP currencies & pay bills using cash or crypto. The payment platform is currently live on web and will be coming to Android, and  iOS in the next few days.  

In the coming months, Vella will be launching other features tailored to African businesses.