Patricia Technologies Ltd., a cryptocurrency exchange, plans to tap investors for the first time as it recovers from a clampdown in Nigeria that decimated its business and forced it to move its headquarter to Estonia.
Founder Hanu Agbodje bootstrapped Patricia -- meaning he hasn’t taken on institutional investors -- for the past four years after starting out with less than $2,000. The company is now planning to raise as much as $50 million to upgrade its technology, hire blockchain engineers and keep up with regulatory requirements. Agbodje expects to raise the funds in the next six months.
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November 09, 2021 at 07:26PM
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Crypto Exchange That Fled Nigeria for Estonia Plans Fundraising - Bloomberg
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