TradeFada’s CEO and founder, Seun Dania, recently announced a significant investment in Patricia, another crypto company. In a LinkedIn post on Sunday, Dania expressed his confidence in Patricia, considering it one of the top exchanges in Africa.
However, specific details and the exact amount of the investment have not been disclosed by either party, though Patricia’s founder and CEO, Hanu Fejiro, acknowledged the post by liking it.
During the past two months, Patricia has encountered its fair share of challenges, particularly with the suspension of customer withdrawals in June, a matter that remains unresolved. Despite these adversities, Dania viewed them as a test for every great company and saw Patricia as currently navigating through a demanding phase.
In Dania’s words “Adversity often uncovers strength, resilience and true character. My investment is not merely a financial move: it’s a resounding vote of confidence in the team led by Hanu Fejiro Agbodje that has consistently showcased brilliance, and innovation and has positively represented Nigeria and Africa on the global stage.
I believe in the spirit of this team, their drive, and their capacity to not only revive but to soar higher. This is not only about crypto; it’s about faith, fortitude, and the future of finance in Africa.”
Seun Dania’s reputation for investing in diverse ventures across various industries, from agriculture, movie production, education, renewable energy, to tech startups, adds weight to his endorsement of Patricia.
As for Patricia, their customers have been eagerly awaiting the restoration of withdrawal features. The company previously released a video where CEO Hanu Fejiro provided insights into the challenges they have been facing, attributing the current crisis to a million-dollar breach.
Despite the uncertainties, Seun Dania’s investment comes as a beacon of hope for Patricia’s future. With this newfound financial backing, there is optimism that Patricia will chart a clear roadmap for expedited customer fund withdrawals.
In another significant development, Patricia Technologies Limited recently announced a groundbreaking partnership with Deimos Cloud Security. This strategic alliance aims to fortify security measures for customers’ assets and ensure protection from potential harm.
Andrew Mori, the CEO of Deimos, shared his thoughts on the partnership:
“As Patricia’s Cloud Partner, we are committed to implementing industry-standard practices for cloud security and infrastructure. Deimos brings improved security measures and deep technical expertise to Patricia’s cloud infrastructure and application ecosystems. Together, we will elevate security standards, ensuring that customers’ assets remain shielded from any potential harm.”
As Patricia faces its adversities, the investment from Seun Dania provides a glimmer of hope and renewed optimism for the crypto company, as it seeks to overcome its challenges and move forward in the evolving landscape of the African crypto market.