Nigeria-based NectarFi just raised $170,000 in pre seed funding as it moves to expand its on-chain financial products across the region.
In less than a year, NectarFi has gone from a hackathon idea to a live product already processing over $7 million in transactions. That kind of traction this early says a lot about demand. The project was built to solve a real issue, giving users easier access to on-chain savings and yield, especially in markets where traditional options are limited.
The team gained early attention through hackathons, including recognition within the Solana space, and has been part of the growing Superteam Nigeria movement. With this new funding, the focus now is scaling more users, better infrastructure, and a proper public launch across Africa.
This is the kind of build you want to see coming out of Africa. It shows people are moving beyond just trading crypto, builders are creating real financial tools on-chain, and Nigeria is still one of the strongest Web3 hubs globally.
If this scales properly, it won’t just stay local it can compete globally. NectarFi is still early, but the direction is clear less talk, more building and right now, that’s exactly what the space needs.