Momint is a South African Web3 platform that educates users about Web3 technologies while providing a marketplace for owning and trading energy assets on-chain. The company plans to integrate the Internet Computer Protocol (ICP) blockchain to enhance its business operations. Momint intends to use recent funding to support global expansion and to gain, retain, and expand market share. The platform targets both consumers and investors, positioning itself as a safe environment for energy-asset tokenization and trading. No revenue or user metrics are mentioned in the article. Momint provides a blockchain wallet integrated into its app that lets users spend cryptocurrencies at thousands of South African and overseas retailers and top up crypto via integrated exchanges. The company also operates a marketplace for investing in solar projects, including its SunCash initiative launched in January 2023. Momint reports a community of 55,000 users, over $1.4 million in sales, and partnerships with more than 10,000 retailers domestically and 5,000 overseas retailers. Its wallet supports purchases of USDC and Ethereum with real-time rates, peer-to-peer sending, and KYC/KYT/AML checks. Momint aims to expand utility for crypto payments, enable low-cost cross-border transactions, and increase financial inclusion for small businesses and the informal economy. Funds from the current raise are earmarked for marketing, growing assets under management, and driving toward profitability.

Total raised

$1M

Funding rounds

2

Latest round

Grant

Latest activity

Jul 2024