In a LinkedIn post, the founder and CEO of TradeFada, Seun Dania, announced a significant investment in a prominent crypto company in Africa, Patricia.
With Patricia being recognized as one of the top exchanges on the continent, this move by Dania is truly momentous.
While the specific details of the investment remain undisclosed, the post received a nod of acknowledgment from Patricia’s founder and CEO, Hanu Fejiro.
Recent times have been challenging for Patricia, as it had to suspend customer withdrawals in June, an issue that remains unresolved to this day.
Despite these adversities, Seun Dania believes every great company faces challenges, and Patricia is currently navigating through a demanding phase.
He emphasized, “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, innovation, and positive representation of Nigeria and Africa on the global stage.”
Seun Dania is known for his investments across diverse industries, spanning Agriculture, Movie Production, Education, Renewable Energy, and various Tech startups.
Patricia’s recent struggles are well-documented, with customer withdrawals being disabled for the past two months due to a significant breach that caused a million-dollar crisis.
The company released a video where CEO Hanu Fejiro addressed the challenges, leaving customers eagerly awaiting news about the restoration of the withdrawal feature.
The partnership announcement between Patricia Technologies Limited and Deimos Cloud Security brings hope for enhanced security measures and protection of customers’ assets.
CEO of Deimos, Andrew Mori, expressed their commitment to implementing industry-standard practices for cloud security and infrastructure, aiming to shield customers’ assets from potential harm.
As the investment from Seun Dania injects confidence into Patricia’s future, industry watchers eagerly anticipate how this move will accelerate the resolution of the withdrawal issue and contribute to the growth of the crypto firm.
