NoOnes, the financial communication super app connecting people of the Global South to the world’s financial systems, has announced it has broken past 200,000 downloads despite launching just over a year ago in April 2023.
Available on Google Play and iOS, NoOnes was launched to empower the financial freedom of the Global South through Bitcoin. The platform enables users to move money freely and faster, without the friction and challenges associated with legacy banking and financial institutions.
Details
With the new figures representing a 300% surge in daily downloads since January 2024, the platform has also secured a 400% rise in user signups over the last three months, accelerating NoOnes’ global drive for financial empowerment by connecting people worldwide to conversations and payments.
In recent months, the platform’s meteoric rise has been primarily driven by strong growth in Kenya, Cameroon, and South Africa, which have heavily benefited from NoOnes’ comprehensive suite of features uniquely tailored to the demands of the Global South.
Including over 250 payment methods, global chat functionalities for seamless cross-border communication and a secure BTC wallet, the app is rapidly emerging as the go-to platform to serve the needs of underbanked populations, spearheading economic equality through Bitcoin adoption.
What They’re Saying
Speaking about the new milestone, Ray Youssef, CEO of NoOnes, said “This announcement isn’t just about the huge momentum we’ve rapidly built as a new player in the crypto space, it’s a testament to the massive appetite for financial empowerment in Africa and the wider Global South.
Just a year ago, we launched NoOnes with a clear mission – to lead the charge on dismantling financial apartheid once and for all and our new figures not only recognise the immense dedication of our team to this goal over the last few months, but are also a serious indicator of things to come.”
Digging Deeper
Its business ideology hinges on the belief that peer-to-peer is the world’s only true free market and that Bitcoin is the new global financial architecture poised to uplift the people of Africa, Latin America and South East Asia.
NoOnes’ biggest markets to date are Nigeria, Ghana, Cameroon, India and the Philippines, accruing over 400,000 users worldwide to date, and achieving profitability within just under 4 months of operations.
Despite its recent regulatory challenges, Africa’s cryptocurrency sector has continued its strong upward trajectory with Kenya, Cameroon, and South Africa emerging alongside Nigeria as the continent’s most prominent players.
Zoom Out
According to Google Trends data, Kenya recently ranked among the top-15 crypto-curious countries globally and Cameroon currently boasts an active crypto user base of just under one million, accounting for nearly 7% of its active population.
With South Africa’s financial conduct regulator approving licences for crypto firms in April 2024, it is one of Africa’s most progressive countries for the industry, ranking amongst the highest countries in the world for crypto adoption globally.
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