NectarFi goes live with unified crypto and banking app

By Parth Prabhudesai

Nectar Finance has launched its on-chain financial platform following a $170,000 pre-seed funding round, targeting users across emerging markets.

The platform is designed as a unified application that combines traditional financial services with digital asset capabilities. It includes a self-custodial wallet, allowing users to retain full control of their funds, alongside global spending features enabled through Visa card integration. NectarFi also offers banking-like services such as virtual accounts, crypto deposits, and peer-to-peer payments within a single interface.

To support cross-border transactions, the platform integrates local payment systems across multiple regions. These include bank transfers in Nigeria, PIX in Latin America, and APACA scan-based systems in Southeast Asia. In addition, NectarFi provides gasless trading, aimed at simplifying crypto transactions by removing the need for users to manage transaction fees directly.

A central part of the company’s strategy is its on-chain credit scoring system. By analysing blockchain transaction data, NectarFi aims to create portable financial identities for users who lack access to traditional credit systems. This approach is expected to improve financial inclusion across regions such as Africa, Asia, and Latin America.

Before its public launch, NectarFi operated in a private beta phase, onboarding more than 1,000 users across countries including Nigeria, South Africa, Kenya, Thailand, Indonesia, and Brazil. The company used this phase to test its product and refine its offering.