Nigerian startup Blueloop raises $77k pre-seed funding as it builds out crypto-based payments app

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Nigerian fintech startup Blueloop has taken on US$77,000 in pre-seed funding this year as it builds Flux, a mobile app for crypto-based cross-border payments. It went live in September, and the startup is now working to perfect and scale its product having taken on a total of US$77,000 in pre-seed funding over the last few months. Eluan told Disrupt Africa the initial concept for Flux came when the team was working on a project at university named Joppa. Built for fun, Joppa helped students find and buy products from merchants within the university. This inspired them to build Flux, and after a period of researching cryptocurrencies and KYC, the team spotted a gap in the payments space.

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