NectarFi Secures $170K Pre-Seed to Scale On-Chain Finance in Nigeria

NectarFi  has announced the successful close of a $170,000 pre-seed funding round, marking a significant milestone in its evolution from a hackathon concept into a functional financial platform. The announcement, shared by Harrison Obiefule, underscores the company’s rapid growth and its increasing relevance within Africa’s emerging on-chain financial ecosystem.

In less than a year of operation, NectarFi has processed over $7 million in transaction volume, reflecting strong early adoption and demand. Initially conceived to address the lack of accessible on-chain savings and yield products for Nigerian users, the platform has quickly positioned itself as a viable solution within the digital finance space. Its journey began as a hackathon idea, later gaining traction through a local Demo Day win and earning recognition in a global Solana hackathon.

The development of NectarFi is closely tied to the growth of the Superteam Nigeria ecosystem, which has seen a notable transformation in recent years. Once met with skepticism, the Solana community in Nigeria has matured into a vibrant hub for blockchain talent and innovation. Today, it supports a growing pipeline of startups generating millions of dollars in monthly transaction volumes, driven by a model that emphasizes locally rooted founders building globally relevant products.

Looking ahead, the newly secured funding will support the public launch of Nectar Finance as it scales its offerings across the region. Despite the milestone, the leadership maintains a strong focus on execution, emphasizing that the broader mission of integrating on-chain financial services into everyday use across Africa is still ongoing. Key figures behind the initiative include developer and founder Danny, alongside Obiefule, who continues to play a leading role in advancing the platform’s vision.