Adaverse, a Cardano ecosystem accelerator in Africa backed by EMURGO Africa with a mission to scale Web3 projects on the Cardano blockchain, has invested in BoundlessPay, a digital banking platform simplifying cross-border transactions for Africans and Diasporan Africans.
Adaverse and EMURGO Africa join other strategic investors in an ongoing pre-seed fundraising initiative to launch BoundlessPay into its next phase of development in 2023.
Shogo Ishida, co-CEO at EMURGO Middle East & Africa commented, “BoundlessPay is doing something unique and different with what many have tried and failed. We are excited to be a part of this growth process. It takes a determined heart to build a sustainable Web3 platform that projects into the future development of Africa, which is why Cardano’s proven blockchain platform is ideal for this structural growth and offers flexibility and sustainability.”
Vincent Li, founding partner at Adaverse stated, “We are equally excited about BoundlessPay’s capabilities, especially their talented team. We believe that they have what it takes to sustain this momentum by providing a sustainable socially-impactful platform with a drive for excellence. As such, BoundlessPay will benefit greatly from the Adaverse 3-month accelerator program and be able to connect to the global resources within the Cardano community.’’
BoundlessPay plans to create more services that support Cardano native tokens on its app in the future including launching its native token on the Cardano network.
“As the Adaverse team is constantly building a healthy ecosystem and community in Africa, we at BoundlessPay are excited to tap into this wealth of resources to provide more bespoke services that truly solve African payment and remittance problems which we believe can be achieved on the Cardano Blockchain,” Franklin Peters, BoundlessPay CEO.