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Yele Bademosi steps down as Bundle Africa’s CEO

Writer: Joan Aimuengheuwa

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Bundle Africa, Yele Bademosi

Yele Bademosi is changing his goal post by stepping down as Bundle Africa’s CEO.

Founding partner at Microtraction and now, former CEO at Bundle Africa, announced this new structure on Saturday, July 31, 2021 via his medium post.

In his words, this is an opportunity to expand and contribute immensely to the African crypto community.

“I believe the time has come for me to take a step back and explore other areas that need more support in the African crypto community beyond traditional buy-and-sell currency trading.”

In 2019, Yele founded the social payments app for cash and cryptocurrency with a zeal to ensure crypto adoption in Africa. Is his desire being achieved? Oh yes!

“In just a little over a year of its launch, Bundle has achieved massive growth and prominence that has far exceeded even my wildest expectations,” he said. “With over 350,000 Bundlers and as high as $56 Million in monthly transaction volumes, Bundle continues to reach heights that many could only dream of.”

During his regime at Bundle Africa, the startup raised $450,000 dollars from Binance, a cryptocurrency exchange platform that combines digital technology and finance.

Initially the Director of Binance Labs, the venture arm of Binance, Yele was focused on building the African blockchain ecosystem. Some of his achievements include raising startups in the crypto market; Xend, Yellowcard, and Bitsika are some of these startups.

Yele seeks to keep impacting the continent without looking back. He aims at driving the adoption of digital currency across Africa, leveraging the many economic opportunities that come with it.

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“I truly believe that blockchain technology and crypto are critical players in Africa’s economic transformation and I will continue to gear my efforts towards supporting and growing the nascent crypto community in Africa and other emerging markets. With all the new and interesting developments happening within the space, I am super excited to see where this journey takes me next. He concluded.

Taking up the position as CEO Bundle Africa, is Emmanuel Babalola, the current director of Binance Africa.

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