How Breet Financed Its First 1,000 Days Without Venture Capital

Launching during Nigeria’s 2021 banking restrictions shaped how the crypto company approached liquidity, product scope and fundraising, leaning on revenue earlier than many venture-backed startups. When Breet began operating in February 2021, Nigerian banks had just been instructed to stop facilitating cryptocurrency transactions. On 5 February, the Central Bank of Nigeria directed banks and other regulated financial institutions to identify accounts connected to cryptocurrency exchanges, close