Yuki, a Nigerian company that simplifies digital assets for African web2 fintech companies, has teamed with neobank Aladdin Digital to make digital assets more widely available in Africa.
Yuki is a product of ComiBlock, a Nigerian investtech business that launched in February 2021 as a goal-based investing crypto robo-advisor that provides anyone with a smartphone with access to planning tools, advice, curated and thematic crypto-portfolios.
The firm received an undisclosed amount of money in September of last year from Expert Dojo, a California-based growth accelerator, to help it scale and invest in product development as it works to expedite safe crypto investing for consumers in frontier markets.
Yuki, for example, promises to simplify digital assets for African web2 fintech enterprises through pre-built workflows, APIs, and compliance. Yuki has recently announced a relationship with neobank Aladdin Digital, which would deliver digital assets to Aladdin’s more than 75,000 members 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.