Nigeria’s Yuki, which simplifies digital assets for African web2 fintech companies, has partnered neobank Aladdin Digital to take digital assets mainstream in Africa.
Yuki is a product of Nigerian investtech startup ComiBlock, which launched in February 2021 as a goal-based investing crypto robo-advisor that gives anyone with a smartphone access to planning tools, advice, curated and thematic crypto-portfolios.
The startup in September of last year secured an undisclosed amount of funding from Expert Dojo, a California-based growth accelerator, to help it scale and invest in product development as it builds to accelerate responsible crypto investing for people across frontier markets.
One such product is Yuki, which aims to simplify digital assets for African web2 fintech companies via pre-built workflows, APIs, and compliance. To take this mainstream, Yuki has just announced a partnership with neobank Aladdin Digital, a move that will bring digital assets to Aladdin’s more than 75,000 users in Nigeria.
“African fintechs have already shown us what they can do when it comes to taking banking UX to the next level. Now, with digital assets, they have the potential to achieve even more,” said CEO Dennis Mary.
“I started Yuki to provide them with compliant tools and infrastructure to do transform digital assets UX in Africa also. I deeply believe that crypto in Africa can’t succeed without the incumbent fintechs adopting it.”
He said ComiBlock was “proud” to support the Aladdin team as they moved into the world of crypto.
“Together, we can drive innovation and empower more people to access the benefits of decentralised finance,” Mary said.