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Yele Bademosi

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Yele Bademosi
Yele Bademosi.jpeg
Yele Bademosi. Image retrieved from Blockchain Africa on 16 August, 2021.
Born
Nigeria
NationalityNigerian
Alma materLansdowne College, King’s College London
OccupationFounder of Microtraction and Bundle Africa
Known forfounding Microtraction
WebsiteLinkedIn Profile

Editor: Tamia Adolph

Yele Bademosi is the Founder of Microtraction, an investment platform that provides seed capital to technology entrepreneurs at the earliest stages of their venture.[1]

Bademosi can be seen as a serial entrepreneur having founded several startups throughout his career.

Education

Bademosi attended Lansdowne College from 2007 to 2009, where he received his A-levels in Biology, Chemistry, Psychology, and Mathematics.[2]

Bademosi was studying toward a BMedSci from King’s College London, when he realised that medicine was not his passion and made the choice to drop out in his third year to focus on tech entrepreneurship. He spent the next 12 months learning how to design user interfaces and code.[3]

Career

In 2014, after learning coding and user interface design, Bademosi launched a social app called Purple. Its purpose was to connect university students with shared interests in the UK.[4] He managed to raise an angel round of funding, however, the app did not receive enough traction to warrant a seed funding round.[5]

In 2015, Bademosi returned to Nigeria to work as the General Manager for Starta Africa, a business support platform for startup entrepreneurs in Africa.[6]

Bademosi discovered that there were several startups in Africa that possessed the potential for high growth and innovation, but who, unfortunately, fell short of the investment prerequisite of venture capital funding. Thus creating the pre-seed funding gap. He decided to leave Starta at the end of 2016 to focus on solving this problem. In 2017, Microtraction was launched. Microtraction aims to bridge this pre-seed funding gap and assist African innovators in building successful startups.[7]

In 2019, Bademosi became the Director of Binance Labs, a fund and initiative to incubate, invest, and empower top blockchain and cryptocurrency entrepreneurs, projects, and communities.[8]

Later that year, Bademosi founded Bundle Africa, a social payments app for cash and cryptocurrency, where he held the position of CEO.[9] He stepped down as CEO of the company in 2021, opting to focus on other areas in need of support in the African crypto community.[10]

Achievements

Bademosi was a keynote speaker at the Blockchain Africa Conference 2021, an event on blockchain and cryptocurrency in Africa.[11]

References