The minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim Pantami has formally received two Nigerian start-up firms that made Nigeria proud
Binance-backed Xend Finance launches DeFi platform for credit unions in Africa – TechCrunch techcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcrunch.com Daily Mail and Mail on Sunday newspapers.
DeFi platform Xendi Gets New Funding and Partnership Deal before Launch
Last Updated: 10 February 2021
Nigerian-based DeFi platform Xend Finance has landed new funding and partnership deals to support its goal of building a strong decentralized financial credit union.
The firm enables cooperatives and credit unions to earn interest on deposits when they are converted to stablecoins. The Binance-backed platform is the first in the country to offer high-interest savings opportunities. The platform was launched in 2019 by Ugochukwu Aronu, Chibuike Aguene, and Chima Abafor.
It enables users to carry out basic transactions when they register and set up an account using their mobile phone. Apart from earning interest on their savings, members can also participate in validating transactions on blockchains.