9 months ago
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Supporting INTMAX’s expansion in Africa
On the 26th, Kepple Africa Ventures Inc., which invests in startups across Africa, announced an investment in Ryodan Systems AG, which develops the Ethereum layer 2 project “INTMAX Stateless zkRollup” and the crypto asset (virtual currency) wallet “INTMAX Wallet”. .
At the same time, it was announced that they had entered into a strategic alliance to accelerate the expansion of the INTMAX ecosystem into the African market.
Since its founding in 2018, Kepple Africa Ventures has invested a total of over 10 billion yen in African startups and invested in over 130 companies. In particular, we have invested in over 20 companies in the Web3 area.
Meanwhile, the two founders of INTMAX (Reona Hioki and Mai Fujimoto) focused on the potential of the Nigerian market, and prior to the wallet launch, they spent several months in the country, and through presentations at conferences, introduced INTMAX. Efforts were made to increase name recognition.
According to INTMAX, its position in Nigeria is rapidly strengthening through the participation of Shodipo Ayomide, a key figure in the Web3 industry, the hiring of 10 Nigerian members, and collaboration with Web3-related startups in Africa.
Expanding remittance and payment infrastructure originating from Africa to the world
Kepple Africa Ventures leverages the network it has built locally with startups to support INTMAX’s success in Nigeria. By providing market strategies, introducing top talent, and promoting partnerships with Web3 startups that create synergies with INTMAX, we aim to technologically advance not only the companies in which we invest, but the entire African ecosystem.
In Africa, the lack of basic infrastructure provides a huge opportunity to create new technology use cases. By promoting and growing new businesses together with INTMAX, we hope to spread the remittance and payment infrastructure originating from Africa around the world.
Nigeria has a large number of virtual currency holders, and the people who are facing a decline in the value of their own currency and a complicated exchange system are favoring stable coins in search of stable asset values. It’s coming.
What is INTMAX?
INTMAX is a project that utilizes zkRollup and aims to build a new social infrastructure based on Ethereum’s cryptographic technology. Switzerland-based Ryodan Systems AG will lead development.
The company’s product, INTMAX Wallet, uses advanced technologies such as biometric authentication and multi-party computation (MPC) to provide security comparable to hardware wallets. INTMAX Stateless zkRollup aims to achieve both near-zero gas costs and data sovereignty, significantly reducing transaction costs and providing an extremely cheap means of remittance.
connection:zkRollup project “Intmax” raises approximately 650 million yen in seed round
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