Prestmit
Prestmit is a Nigeria-headquartered mobile digital asset marketplace serving individual consumers and freelancers in Nigeria and Ghana, enabling them to buy and sell gift cards, convert Bitcoin and stablecoins to Naira or Cedis, activate eSIMs, and pay airtime and utility bills through a single app.
- Company typePrivate
- Founded2019
- HeadquartersLagos, Nigeria
- Headcount51–100
- GTM typeB2C
- OfferingDigital Commerce or Content
What Prestmit does
Prestmit is a Nigeria-headquartered, mobile-first digital asset marketplace operating in Nigeria and Ghana, where it lets individual consumers and freelancers buy and sell gift cards (e.g., Google Play, Sephora), convert Bitcoin and stablecoins into Naira or Cedis, purchase and activate eSIMs for international travel, buy discounted airtime and data, pay utility and cable bills, and fund betting accounts. The platform, founded in 2019 and operating with 11–50 employees out of Ikeja, Nigeria, is accessible via iOS and Android apps (2.5M+ and 2.2M+ downloads respectively, each with 4.6-star ratings) and a web app (web.prestmit.io), with onboarding completed in under one minute.
The product architecture centers on a single multi-currency marketplace (Naira, Cedis, Bitcoin, stablecoins) anchored by an in-app crypto wallet, real-time exchange rates, and an automated withdrawal pipeline to Nigerian bank accounts. Prestmit claims gift card and crypto transactions settle in 5–10 minutes and airtime/bill payments are instant. A separate programmatic layer, the Prestmit API (with API keys, IP whitelisting, real-time rates, webhooks, and a sandbox environment), is positioned to enable developer and partner integrations, with eSIM and Crypto APIs announced as forthcoming. Compliance posture includes NDPR audit compliance, USDC certification, and KYC aligned with Central Bank AML/CFT guidelines.
Prestmit monetizes via transaction fees on gift card sales, crypto-to-cash conversions, and airtime and bill payment margins, supplemented by a marketplace take rate on P2P gift card trades and reportedly a roughly 20% airtime discount model. Distribution is freemium and product-led, leveraging app store presence, organic social on seven platforms, earned media (TechCabal, Bitcoin.com, Business Insider, Punch, Techtimes, Techpoint), and customer word-of-mouth, with no public subscription fee and undisclosed enterprise/developer API pricing.
Prestmit firmographics
Firmographics- Name
- Prestmit
- Legal name
- Prestmit
- Website
- https://prestmit.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Prestmit is a Nigeria-headquartered mobile digital asset marketplace serving individual consumers and freelancers in Nigeria and Ghana, enabling them to buy and sell gift cards, convert Bitcoin and stablecoins to Naira or Cedis, activate eSIMs, and pay airtime and utility bills through a single app.
- Ownership category
- akta.pro rank
Prestmit industry classification
Industry- Product category
- Digital Asset Marketplace
- NAICS
- Securities and Commodity Contracts Intermediation and Brokerage (5231)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro industry
- Digital Gift Cards, Vouchers & Stored-Value (Crypto)Crypto Payments & Stablecoin Settlement PlatformsBusiness & Public Services/Web, Mobile & Digital Platforms/Payments, Wallets & Digital Banking PlatformsInternational / Multi-Currency WalletsMulti-Currency Accounts, Wallets & IBAN Services
Keywords
Where Prestmit is headquartered
LocationHeadquarters
- HQ city
- Lagos
- HQ country
- Nigeria
- HQ region
- Africa
Markets served
Prestmit business model
Business model- GTM type
- B2C
- Offering type
- Digital Commerce or Content
- Cost components
- Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure
Revenue model
- Gift Card Transaction Fees: Users sell gift cards on the platform and Prestmit takes a transaction fee on each sale. Gift cards include Google Play, Sephora, and other global brand cards.
- Crypto-to-Cash Transaction Fees: Users sell Bitcoin and other cryptocurrencies directly into their bank accounts; Prestmit earns a fee on each crypto-to-cash transaction.
- Airtime and Bill Payment Services: Users buy airtime and data at discounted rates and pay utility/cable bills; the platform earns a margin on each transaction.
- Gift Card Market Liquidity Services: Operates within Nigeria's USD 2.34 billion gift card economy (2025), serving as a P2P marketplace for global service consumption and FX liquidity. Takes a take rate on secondary P2P gift card trades.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Standard consumer platform — no subscription fee |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels7 records
Prestmit product offering
Product offeringCore offering
Prestmit operates a mobile-first digital asset marketplace that enables individuals in Nigeria and Ghana to buy and sell gift cards (Google Play, Sephora, etc.), convert cryptocurrency (Bitcoin and stablecoins) to Naira or Cedis with auto-withdrawal to bank accounts, purchase and activate eSIMs for travel, buy discounted airtime and data, and pay utility and cable bills. The platform supports multi-currency settlement in Naira, Cedis, Bitcoin, and Stablecoins, with most gift card and crypto transactions processed in 5-10 minutes.
Product overview
Prestmit is a unified digital asset marketplace platform offering crypto, gift cards, eSIM, airtime, data, and bill payment services across Africa. The core platform enables users to buy and sell gift cards, convert cryptocurrency (including Bitcoin and stablecoins) to fiat currencies (Naira, Cedis) with auto-withdrawal, purchase and activate eSIMs instantly, trade airtime for cash, buy discounted airtime and data, and pay utility bills. Users can pay or be paid in Naira, Cedis, Bitcoin, or Stablecoins. The platform processes most gift card and crypto transactions within 5-10 minutes, with airtime and bill payments being instant. A developer-facing API product enables programmatic gift card transactions.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- Gift card and crypto transactions processed within 5–10 minutes; airtime and bill payments are instant
- +2 more outcomes
Companies that use Prestmit
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles3 records
Prestmit technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Prestmit partnerships and signals
Strategic signalScale indicators5 records
Recent moves6 records
Expansion highlights6 records
Prestmit competitors and assessment
Company assessmentDirect peers
- Quidax: Quidax is a Nigerian-licensed crypto exchange that enables users to buy/sell Bitcoin and other digital assets with naira. It overlaps with Prestmit's crypto-to-cash and stablecoin settlement products in the same Nigerian market.
- Patricia: Patricia is a Nigerian digital asset platform offering gift card trading, crypto trading, and merchant services. It competes with Prestmit for the same Nigerian crypto/gift card user base and has faced its own regulatory and operational scrutiny.
- Yellow Card: Yellow Card is a pan-African crypto exchange with strong Nigeria and Ghana presence, offering fiat on/off-ramps and stablecoin services. It is comparable as a regional crypto-to-fiat platform and a potential geographic expansion reference for Prestmit.
- Nosh: Nosh is a Nigeria-based gift card and digital asset trading platform also called out as a direct competitor in the same Nigerian secondary gift card market. It targets the same individual sellers and crypto users with similar take-rate economics.
- Cardtonic: Cardtonic is a Nigerian gift card trading and bill payment platform explicitly named alongside Prestmit as a top player in Nigeria's USD 2.34B gift card market. It directly overlaps on gift card resale, bill payments, and crypto on/off-ramps for the same Nigerian consumer base.
Emerging players
- NoOnes: NoOnes is a P2P crypto and gift card trading marketplace that grew out of the Paxful brand and explicitly targets African and emerging market users. It is comparable as a direct P2P competitor in the gift card and USDT-to-local-currency space.
- Chipper Cash: Chipper Cash is a pan-African digital payments app that has added crypto and cross-border services. It is comparable as a multi-country African fintech serving individual users, with partial overlap in cross-border payments rather than direct gift card trading.
Broad incumbents
- Bybit P2P: Bybit's P2P platform is a global crypto off-ramp heavily used by Nigerian users trading USDT for naira. It competes for the same freelancer/receiver use case Prestmit serves via its in-app crypto wallet and bank withdrawal.
- Binance P2P: Binance operates a global P2P marketplace widely used in Nigeria for USDT-to-naira trading. It serves the same user need (crypto off-ramp) as Prestmit's crypto-to-cash product but at a much larger scale and without a gift card offering.
- Luno: Luno is an established global crypto exchange with significant Nigerian and Ghanaian user bases. It is a broader incumbent offering crypto buy/sell rather than Prestmit's gift card focus, but it overlaps on the fiat on/off-ramp use case.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Prestmit social profiles
Digital presencePrestmit compliance and trust
Trust signalCompliance2 records
Prestmit financial estimates
Financial estimateRevenue estimate
Valuation estimate
Prestmit leadership team
Management profileNumber of profiles
Prestmit funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Prestmit M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Prestmit
What does Prestmit do?
Prestmit operates a mobile-first digital asset marketplace that enables individuals in Nigeria and Ghana to buy and sell gift cards (Google Play, Sephora, etc.), convert cryptocurrency (Bitcoin and stablecoins) to Naira or Cedis with auto-withdrawal to bank accounts, purchase and activate eSIMs for travel, buy discounted airtime and data, and pay utility and cable bills. The platform supports multi-currency settlement in Naira, Cedis, Bitcoin, and Stablecoins, with most gift card and crypto transactions processed in 5-10 minutes.
Is Prestmit a public or private company?
Prestmit is a private company. It is classified as unknown and is currently operating.
When was Prestmit founded?
Prestmit was founded in 2019. It employs 51 to 100 people.
Where is Prestmit based?
Prestmit is headquartered in Lagos, Nigeria, in the Africa region.
How does Prestmit make money?
Four revenue lines are on record. Gift Card Transaction Fees are the primary driver. The others are crypto-to-Cash Transaction Fees, airtime and Bill Payment Services and gift Card Market Liquidity Services.
Who are Prestmit's main competitors?
Direct peers on record are Quidax, Patricia, Yellow Card, Nosh and Cardtonic. Emerging players are NoOnes and Chipper Cash. Broad incumbents are Bybit P2P, Binance P2P and Luno.
Does Prestmit have an API?
Yes. Prestmit API allows developers to buy and sell gift cards programmatically. Features include API keys & IP whitelisting for security, real-time exchange rates, webhooks for transaction notifications, and a sandbox environment for testing. Upcoming APIs include eSIM API and Crypto API (Coming Soon). Developer documentation is at documentation.prestmit.io.
What industry is Prestmit in?
Prestmit's product category is Digital Asset Marketplace. Its primary akta.pro industry code is FSADAIAN, Digital Gift Cards, Vouchers & Stored-Value (Crypto), with a secondary code of BPAMAFAL, Crypto Payments & Stablecoin Settlement Platforms. Its NAICS code is 5231 and its SIC code is 6200.