Yele Bademosi has stepped down as the CEO of Bundle Africa, a social payments app for cash or cryptocurrency. Bademosi who founded Bundle Africa in 2019, announced his exit in a Medium post.
He said: “I write this to officially announce my decision to step down in my capacity as CEO of Bundle Africa as of tomorrow, July 31, 2021. It has been one amazing ride but I believe the time has come for me to take a step back and explore other areas that need more support in the African crypto community beyond traditional buy-and-sell currency trading.”
Narrating how his started his journey into founding the cyypto startup, Bademosi stated: “This chapter in my story really began when I joined Binance in the early days back in 2018. I, like many others, believed that Binance was the best and most aligned ecosystem to grow and scale the crypto adoption in the continent.
“I ran the Lagos chapter of the Incubation program as a Director of Binance Labs, raising some of today’s leading tech startups in the crypto ecosystem including Xend, Yellowcard, Bitsika and Raise to name a few, which have all gone on to do amazing things.”
On his acheivement during his time as CEO, he said: “Amidst the many success stories, my proudest and most fulfilling achievement by far has been founding Bundle, incubated within the Binance ecosystem.
“In just a little over a year of its launch, Bundle has achieved massive growth and prominence that has far exceeded even my wildest expectations. With over 350,000 Bundlers and as high as $56 Million in monthly transaction volumes, Bundle continues to reach heights that many could only dream of.”
Bademosi thanked his ‘incredible team of brilliant young minds at Bundle that have worked tirelessly to ensure that no ounce of quality was foregone’.
He went ahead to announce Emmanuel Babalola, the current director of Binance Africa as the interim CEO of Bundle Africa.
Commenting on his appointment, Babalola said on his Twitter handle @Emmanuelbabzz: “Tomorrow I will be joining the talented team at Bundle Africa as the interim Chief Executive Officer. Having spent the last few years building the blockchain ecosystem and leading crypto innovation on the continent.
“I know first hand the impact cryptocurrency has on financial freedom for Africans and I am delighted to continue in the mission to make economic freedom and prosperity a reality for all Africans.
I am super honoured to lead the company as it writes the next exciting chapter and continues in its expansion journey. I want to specially thank Yele Bademosi for all his contributions in building Bundle and wish him the very best in his future endeavours.
On what his next, Bademosi said ‘The mission remains the same; To drive the adoption of digital currency across Africa, with the many economic opportunities that come with it. I truly believe that blockchain technology and crypto are critical players in Africa’s economic transformation and I will continue to gear my efforts towards supporting and growing the nascent crypto community in Africa and other emerging markets.”
