🏢 Company Overview and Background Info
Founded in 2017 by Ruth Isema, Bitmama is committed to building a secure and convenient cryptocurrency trading platform. The company is headquartered in Claremont, Delaware, USA, with a branch office in Lagos, Nigeria.
As of 2025, Bitmama has completed three funding rounds, with a cumulative funding amount of $200K. Major investors include Mercy Corps, Unicorn Growth Capital, Launch Africa, and other institutions.
🧑 💼 Key executive backgrounds
Ruth Iselema: Founder and CEO of Bitmama, with extensive experience in the fintech and blockchain industries.
Additionally, Bitmama's team members include Duncan Muchangi, Head of Global Business Development from Fonbnk, and Dr. Temidayo Akintola, Product Manager, among others.
🧑 💼 Advisory team and equity structure
Currently, Bitmama does not disclose specific members of its advisory team. Detailed data on the shareholding structure was also not disclosed.
🏢 Company nature and operating status
Bitmama is an unlisted private company that mainly operates a cryptocurrency trading platform and supports users in buying and selling digital assets. The company is currently in operation and continues to expand its business in the African market.
🗂 Enterprise classification and market positioning
Enterprise Classification: Fintech Company
Market Classification: Digital Asset Trading Platform
Services: Provides trading services between fiat currencies and cryptocurrencies, supporting multiple payment methods.
Bitmama's key competitors include internationally renowned platforms such as Gemini, FTX, and Blockchain.
💱 Trading products and software platform
Bitmama primarily offers trading products such
as
Bitcoin (BTC),
Ethereum (ETH),
and other digital assets
such as Celo, which
users can trade through Bitmama's mobile app, which supports both Android and iOS platforms.
💳 Deposit and withdrawal methods and customer support
Bitmama supports a variety of fiat currency deposit and withdrawal methods, including:
Nigerian Naira (NGN)
Kenyan Shilling (KES)
Ghanaian Cedi (GHS)
Algerian Dinar (DZD)
Gambian Dalasi (GMD)
In terms of customer support, Bitmama Offers multi-channel services, including online customer service and social media platforms.
🛡 Core business and technical infrastructure
Bitmama's core business includes:
Cryptocurrency Trading: Provides buying and selling services for digital assets such as Bitcoin and Ethereum.
P2P Transfers: Supports peer-to-peer fund transfers between users.
Virtual Card Service: Offers virtual Visa cards and supports global payments.
In terms of technical infrastructure, Bitmama adopts encryption technology to ensure user transaction security and continuously optimizes platform performance.
📊 Compliance and risk control system
Bitmama is committed to adhering to local regulatory requirements, ensuring compliant platform operations. However, information about its specific regulatory license number and regulatory authority has not been made public.
🧭 Market positioning and competitive advantage
Bitmama's market positioning is mainly focused on the African region, especially in countries such as Nigeria, Kenya, and Ghana. Its competitive advantages include: Localized
Services: Supports multiple local payment methods to meet user needs.
User-Friendly Interface: Offers a simple and easy-to-use trading platform.
Security Guarantee: Adopts advanced encryption technology to ensure the safety of user funds.
🌍 Social Responsibility and ESG
Bitmama actively participates in social responsibility projects and is committed to promoting financial inclusion and the development of the digital economy. However, information about its specific ESG (Environmental, Social, and Governance) practices has not been made public.
🤝 Strategic collaborations and ecosystems
Bitmama has established strategic partnerships with several institutions, including:
Mansa: Collaborating to enhance cross-border payment services.
Payday: Acquired the company to expand its reach.
In addition, Bitmama has established partnerships with several investment institutions to promote business development.
📈 Financial health and future roadmap
Bitmama has completed three funding rounds, with a cumulative funding amount of $200K. The company plans to continue expanding into the African market, enhancing user experience, and exploring new business areas.
