š¢ Company Profile & Background Information
Bitmama was founded in 2017 by Ruth Iselema to build a secure and convenient cryptocurrency trading platform. The company is headquartered in Claremont, Delaware, USA, and has a branch office in Lagos, Nigeria.
As of 2025, Bitmama has completed three rounds of funding, with a cumulative funding total of $2 million. Major investors include Mercy Corps, Unicorn Growth Capital, Launch Africa, and others.
š§ š¼ Key executive backgrounds
Ruth Iselema: Founder and CEO of Bitmama, with extensive experience in the fintech and blockchain industries.
In addition, Bitmama's team members include Duncan Muchangi, Head of Global Business Development from Fonbnk, and Dr. Temidayo Akintola, Product Manager, among others.
š§ š¼ Advisory team and shareholding structure
At this time, Bitmama does not disclose the specific members of its advisory team. Detailed data on the shareholding structure was also not disclosed.
š¢ The nature and business status of the company
Bitmama is an unlisted private company that primarily operates a cryptocurrency trading platform that enables users to buy and sell digital assets. The company is currently in operation and continues to expand its business in the African market.
š Enterprise classification and market positioning
Business Classification: Fintech Company
Market Classification: Digital Asset Trading Platform
Services: Provide transaction services between fiat currency and cryptocurrency, supporting a variety of payment methods.
Bitmama's main competitors include internationally renowned platforms such as Gemini, FTX, and Blockchain.
š± trading products and software platforms
Bitmama mainly offers the following trading products:
Bitcoin (BTC),
Ethereum (ETH),
Celo and other digital assets
Users can trade through Bitmama's mobile app, which supports both Android and iOS platforms.
š³ 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 Dharasi (GMD)
When it comes to customer support, Bitmama Provide multi-channel services, including online customer service and social media platforms.
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š” core business and technical infrastructure
Bitmama's core businesses include: Cryptocurrency
trading: Provides services for buying and selling digital assets such as Bitcoin and Ethereum.
P2P transfers: Peer-to-peer fund transfers between users are supported.
Virtual Card Services: Virtual Visa cards are available to support global payments.
In terms of technical infrastructure, Bitmama uses encryption technology to ensure the security of users' transactions and continuously optimizes the performance of the platform.
š Compliance and risk control system
Bitmama is committed to complying with local regulatory requirements and ensuring that the platform operates compliantly. However, information about its specific regulatory license number and regulatory body has not yet been disclosed.
š§ Market positioning and competitive advantage
Bitmama's market positioning is mainly focused on the African region, especially in countries such as Nigeria, Kenya, Ghana, etc. Its competitive advantages include:
Localization services: Support a variety of local payment methods to meet user needs.
User-friendly interface: Provides a simple and easy-to-use trading platform.
Security: Advanced encryption technology is used to ensure the safety of users' funds.
š Social Responsibility & 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.
š¤ Strategic cooperation and ecosystem
Bitmama has established strategic partnerships with a number of institutions, including:
Mansa: Partnering to enhance cross-border payment services.
Payday: Acquired the company to expand its reach.
In addition, Bitmama has established partnerships with a number of investment institutions to drive business growth.
š financial health and future roadmap
Bitmama has completed three rounds of funding, with a cumulative funding amount of $2 million. The company plans to continue to expand into the African market, improve the user experience, and explore new business areas.
