Bitfxt

Businessfiled

Bitfxt operates in Crypto / Web3, based in Africa. Nigerian crypto-trading startup Bitfxt has raised a US$15 million Series A funding round for infrastructural expansion and the development of new products.

Sub-sector tags: crypto/web3.

No verified homepage on file yet — operating evidence is limited to the public record.

Capital & rounds (filed)filed

Bitfxt has raised $15M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).

Largest single filing: $15M on 2020-02-21.

Most recent recorded round closed around 2020-02-21.

Valuation (modeled)modeled

Provath models Bitfxt at approximately $503M (range $17M–$2.7B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.

Read: Over-valued. Modeled value is 2.59× the median modeled value of Series A Crypto / Web3 companies in 2019–2021 (9 peers) — value vs value, same stage and era.

Financing rhythm & timingmixed

Last raise 6.4 yr ago; this sector typically re-raises about every 7 months.

Only one round on record and long silent — often defunct, acquired, or gone quiet.

Comparablesmixed

Capital scale ranks ahead of 87% of Crypto / Web3 peers (196 compared).

Modeled value ranks above 92% of those peers.

Closest niche peers: HIVE Blockchain Technologies Ltd., DigiCrypts Blockchain Solutions Inc., World NFT Research Institute, Blockchain Foundry Inc., Notabene, Inc..

Risks & flagsmixed

Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.

Modeled above niche peers — valuation risk on entry.

No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.