Yele Bademosi, Founder of Microtraction and former Director at Binance Labs, has officially stepped down as CEO of Bundle Africa, a social payments app for cash and cryptocurrency.
The founder made this disclosure in a blog post on Saturday. According to him, he was stepping down to explore other areas that needed support in the African crypto community. Emmanuel Babalola, the current director of Binance Africa, has been appointed to take over Yele’s role as the interim CEO of the company.
Yele Bademosi noted that his mission remains the same,
“To drive the adoption of digital currency across Africa, with the many economic opportunities that come with it. I truly believe that blockchain technology and crypto are critical players in Africa’s economic transformation and I will continue to gear my efforts towards supporting and growing the nascent crypto community in Africa and other emerging markets.
With all the new and interesting developments happening within the space, I am super excited to see where this journey takes me next.”
Yele is leaving the company he founded over two years ago on good terms. Bundle Africa started as an incubated startup within the Binance ecosystem.
At the time, Yele was still Director of Binance Labs, the venture arm of the crypto platform (Binance) where he was charged with developing Africa’s blockchain ecosystem.