Nectar Finance, the fintech startup behind NectarFi, has raised $170,000 in pre-seed funding to accelerate development of its self-custodial crypto financial platform designed to bring payments, investing, and digital asset management into a single application. The company is building a unified financial experience for crypto users, with a focus on emerging markets where many individuals face challenges accessing traditional financial services and credit systems.

The pre-seed round was backed by angel investors, including Dr. Harrison Obiefule, who publicly confirmed his participation in Nectar Finance’s funding round. The company has not publicly disclosed a complete list of all investors who participated in the $170,000 raise.

Founded by CEO Felix Daniel and COO Stephanie Okeke, Nectar Finance is developing NectarFi as a platform that combines multiple crypto and financial services into one ecosystem. The company aims to address fragmentation in digital finance by allowing users to manage assets, make payments, access investment opportunities, and build a financial identity through on-chain activity.

The newly raised capital will support the continued development of NectarFi’s infrastructure and expansion of its financial platform. The company said the funding will help advance its mission of creating a more accessible financial system for users who rely on digital assets and need easier ways to manage their money across borders.

Nectar Finance is focused on solving several challenges faced by cryptocurrency users today. Many digital asset users currently rely on multiple applications for holding assets, making payments, trading, and investing. NectarFi is designed to consolidate these activities into a single platform, offering users a more integrated financial experience.

A key part of Nectar Finance’s long-term vision is creating an on-chain credit system that uses users’ blockchain transaction histories to help establish financial identities. The company believes that many active crypto users remain underserved because their digital financial activity is not recognized by traditional credit systems. By analyzing verifiable on-chain behavior, NectarFi aims to create new pathways for users to demonstrate financial activity and potentially access future credit products.

The platform operates on the Solana blockchain and is designed to provide features including self-custodial wallets, crypto payments, investment tools, and other financial services. Before its public launch, NectarFi tested its platform with more than 1,000 users across eight countries and processed more than $7.2 million in transaction volume during its private access phase.

Nectar Finance’s approach reflects broader growth in the decentralized finance and blockchain fintech sectors, where startups are working to combine traditional financial services with blockchain-based infrastructure. Companies in this space are increasingly focused on making digital assets easier to use while improving access to financial tools for individuals who may not be fully served by conventional banking systems.

The company is targeting users in emerging markets, where cross-border payments, access to investment opportunities, and financial inclusion remain major challenges. NectarFi is designed to provide a digital-first financial experience that reduces complexity by bringing multiple services together within one application.

Nectar Finance has also built partnerships with blockchain infrastructure providers and ecosystem companies as it develops its platform. The company’s technology stack includes integrations with infrastructure providers such as Perena, Raincards, Xstocks, Ondo, Jupiter, and Privy, supporting its goal of delivering a broader financial toolkit for crypto users.

The company’s funding comes at a time when interest in crypto-based financial services continues to expand. While blockchain adoption has grown significantly, many users still face challenges related to usability, fragmented applications, and limited connections between digital asset activity and traditional financial systems. Nectar Finance is positioning its platform as a solution to these issues by combining convenience, accessibility, and financial identity features.

With the $170,000 pre-seed investment, Nectar Finance plans to continue improving NectarFi’s technology, expanding its user base, and developing additional financial products. The company’s goal is to create a more connected financial ecosystem where users can manage digital assets, make payments, and build financial histories through a single platform.

As digital finance continues to evolve, Nectar Finance aims to bridge the gap between cryptocurrency and everyday financial services. Through NectarFi, the company is working toward a future where blockchain-based financial activity can become more accessible, useful, and connected to real-world financial opportunities.

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