An announcement has been made concerning 13 programs that will be graduating from season 2 of the incubation program by Binance Labs, the venture arm of exchange Binance, the leading cryptocurrency exchange platform which began in March 2019 and concluded on June 7, 2019.
Its a growing good fits for Africa as out of the 13 projects, four of these are African-based projects, which is either founded by Africans or building solutions for the African continent.
• Raise – Involves simplifying private securities ownership in frontier markets
• Bit Sika – This is a direct to recipient model for donations through crypto.
• Xend – Helps to make and receive payments, offline or online
• Yellow Card – Cash-to-crypto on-ramp for emerging markets.
Ella Zhang, Head of Binance Labs
We actually searched all over the world for the strongest founders and projects to invest in as concerns the Binance Labs Incubation Program.
We are proud really to have spent the past 10 weeks working with the Builders to launch their demos and gain early traction and we found 13 gems in Season 2.
Looking at our progress so far, this batch of projects represents the diversity in blockchain and entrepreneurship globally and from in-app monetization to cash-to-Cryptocurrency kiosks in Africa.
We are excited to see first-hand, the progress being made in every corner of the world to push blockchain forward.
Ella Zhang, Head of Binance Labs.
San Franscisco, Berlin and Lagos were the three incubation chapters which were featured in season 11
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