The Binary Holdings (TBH), a Web3 company valued at $16.9 billion, announced yesterday a strategic partnership with Kotzev Limited, a Nigeria-based operator of the digital payments platform PreponeBills.
This partnership, according to the company, lays the path for a significant entry into the African market, where unexplored prospects for Web3 adoption are growing.
According to TBH, the agreement aims to combine Kotzev's digital solutions platform, PreponeBills, with its distribution system, allowing consumers to effortlessly pay bills and manage digital transactions.
It stated that by incorporating Kotzev's technology into TBH's ecosystem, ordinary financial transactions will become more secure, efficient, and accessible via blockchain-powered tools.
“This integration not only simplifies routine transactions but also transforms them into opportunities for enhanced user engagement and loyalty,” said TBH in a statement.
It continued: “With TBH’s extensive distribution network—currently reaching over 169 million users globally—this partnership will accelerate the rollout of Web3 services across diverse regions and especially underserved developing markets in Africa.
“The collaboration will also explore additional Web3 solutions tailored specifically for the African market, addressing local needs and driving digital inclusion through advanced blockchain applications.”
“Our partnership with Kotzev Limited is a major milestone in our strategy to expand globally,” said Siddharth Sahi, co-founder TBH.
Sahi added: “Taking a 33% stake in Kotzev Limited allows us to harness their innovative solutions and combine them with our proven distribution infrastructure. This integration is not only about offering PreponeBills’ capabilities but also about creating a platform where users can access a full suite of decentralized financial services, starting in Africa and expanding into other untapped emerging markets globally.”
Emmanuel Obi, CEO and co-founder at Kotzev Limited, added: "By leveraging TBH's robust distribution network, we can effectively amplify our mission to bridge the gap between traditional financial services and the decentralized future.”
In addition, Nnaeto Nwanisobi, COO and co-founder at Kotzev Limited: “This collaboration allows us to bring tangible, blockchain-powered solutions to everyday users, fostering a more inclusive and technologically advanced Africa.”
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