Ejara, an investment platform that improves access to financial solutions through blockchain, has raised funding from Adaverse, a Cardano ecosystem accelerator.
Adaverse joins other prominent investors in a Series A funding round to support Ejara’s empowerment drive and expansion into new markets.
Ejara wants to improve the economic opportunities for over 400 million people, especially the unbanked, unemployed youths and women in Sub-Saharan Africa. To achieve this, Ejara integrates traditional finance and cryptocurrency to help Africans take charge of their wealth.
Vincent Li, founding partner at Adaverse, commented that “Ejara meets a pressing need across the Francophone region, and we are excited about the business model, which we believe can be replicated across the African continent.
“They have shown that they understand the people and have built a bridge between crypto and traditional finance, leveraging continuity rather than disruption. When products use innovation to improve existing models, the market is ready for it, and we believe that Ejara can sustain this momentum to improve lives through its socially impactful platform.”