# Scalex Digital

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/scalex-digital

- Industry: Software
- Headquarters: Lagos, Nigeria
- Website: www.scalex.africa
- Latest round: Seed (Aug 9, 2023)
- Investors on record: 1

## About

Based in Lagos, Nigeria, and founded in 2020 by CEO Nnaemeka Nwosu, James Ademuyiwa, Adeniyi Adedamola, Joel Ajide, and Jalani Ngati, Scalex Digital Limited, a.k.a. Scalex operates as a provider of cryptocurrency exchange network for African users buy and sell cryptocurrencies across major networks, such as BTC, BEP20, and TRC20 tokes. In October 2022, Scalex Digital Limited raised pre-seed funding from Adaverse, Emurgo Ventures, and Hacked Capital.

The company provides a peer-to-peer (P2P) platform that allows traders to buy and sell cryptocurrencies. The platform also offers an e-wallet for various stablecoins, giving users the leverage of hedging their local currencies in more stable fiat-based digital tokens. For developers, Scalex offers API (application programming interface) to create and manage BTC, BEP20, and TRC20 wallet for their customers.

The company plans to use its proceeds from October 2022 funding to transform the crypto trading experience in Africa.

## Funding rounds

- Seed, Aug 9, 2023 — Orbit Ventures

## Investors

- Orbit Ventures (https://capitalatlas.ai/funds/orbit-ventures) — Seed