South Africa
Momint is a Blockchain startup based in South Africa, founded in 2021. The company's slogan, "Pioneering Web3 In The Real World," reflects its core mission. Momint specializes in facilitating accessible funding and trade of solar investments through a blockchain-integrated digital wallet, effectively placing real assets and legal contracts on the blockchain.
In a significant milestone in March 2022, Momint hosted Africa’s largest NFT auction, successfully selling Nelson Mandela’s original arrest warrant for a remarkable sum of $130,000. Notably, the profits from this auction were instrumental in funding the restoration of the Liliesleaf heritage site, ensuring the preservation of historical documents related to South Africa’s struggle for democracy.
In January 2023, Momint introduced the SunCash initiative, a cost-effective solution aimed at addressing South Africa’s energy crisis. Through the SunCash platform, individuals have the opportunity to purchase solar cells for as little as R150 and vend their solar energy back to public institutions using a Standard Power Purchase Agreement. This innovative mechanism not only supports the uptake of renewable energy but also allows individuals to earn a forecasted income.
The most recent milestone for Momint is its $1.25M Seed Round investment, secured on 12 October 2023, with participation from a notable group of investors, including simple.Capital(), Mountain Partners, Untapped Global, Outlier Ventures, Adaverse, Crossfin Technology, Raj Kulasingam, and Vishal Agarwal.
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