{"id":474177,"date":"2021-11-09T12:37:49","date_gmt":"2021-11-09T12:37:49","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=474177"},"modified":"2021-11-09T12:37:49","modified_gmt":"2021-11-09T12:37:49","slug":"nigeria-wicrypt-startup-raises-1-5-million-usd-for-its-african-expansion","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2021\/11\/09\/nigeria-wicrypt-startup-raises-1-5-million-usd-for-its-african-expansion\/","title":{"rendered":"Nigeria: Wicrypt startup raises 1.5 million USD for its African expansion"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>Wicrypt, a Nigerian blockchain-based Wi-Fi sharing startup, announced it raised $ 1.5 million in a fundraising round. Funding was led by AU21 Capital, Inclusion Capital and Outlier Ventures, among others.<\/p>\n<p>The newly secured fund is expected to help the decentralized mobile internet sharing and monetization network expand into new countries. The &#8220;platform had formed substantial business partnerships in Africa, but the funding will further allow expansion into new countries by increasing marketing efforts,&#8221; said<br \/>\nUgochukwu Aronu, the CEO of Wicrypt.<\/p>\n<p>Initially launched in 2018, the startup became profitable in 2020 and signed an exclusive partnership with the city of Enugu, Nigeria, to provide internet service to its citizens. Users can download the Wicrypt app and provide a Wi-Fi connection through their mobile device or by purchasing a unique personalized Wicrypt hotspot maker device.<\/p>\n<p>Wi-Fi providers can also personalize their user experience through their Wicrypt dashboard by offering surveys, advertisements, and collecting customer data.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Wicrypt, a Nigerian blockchain-based Wi-Fi sharing startup, announced it raised $ 1.5 million in a fundraising round. Funding was led by AU21 Capital, Inclusion Capital and Outlier Ventures, among others. The newly secured fund is expected to help the decentralized mobile internet sharing and monetization network expand into new countries. The &#8220;platform had formed substantial<\/p>\n","protected":false},"author":536116,"featured_media":474173,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[11996,16068,12008,12012],"tags":[20141,20142,38,20140],"class_list":{"0":"post-474177","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-finance-en","8":"category-fintech-telecom","9":"category-stock-exchanges","10":"category-telecoms-en","11":"tag-1-5-million-usd","12":"tag-african-expansion","13":"tag-nigeria","14":"tag-wicrypt-startup","15":"post_format-post-format-aside","16":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nigeria: Wicrypt startup raises 1.5 million USD for its African expansion - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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