Breet
Breet is a Lagos-based cryptocurrency platform operated by Inbreetic Technologies Limited that lets users across Nigeria and Ghana instantly convert crypto into naira, cedis, or dollars, serving 400,000+ consumers plus businesses via OTC desk, invoicing, and a developer API.
- Company typePrivate
- Founded2019
- HeadquartersLagos, Nigeria
- Headcount11–50
- GTM typeB2B and B2C
- OfferingSoftware
What Breet does
Breet is an African cryptocurrency platform operated by Inbreetic Technologies Limited, headquartered in Lagos, Nigeria, with a secondary office in Accra, Ghana. The platform enables users to buy, sell, swap, and spend cryptocurrency, with its core value proposition being instant conversion of crypto into local fiat (naira, cedis, or US dollars) via a self-serve mobile app and web dashboard. It supports 40+ crypto assets and reports 400,000+ verified users and 500M+ cumulative trades executed across the two markets.
The product surface spans individual consumer features (sell/buy/swap, crypto cards, bill payments, crypto gifting, dollar wallets, market insights, rate calculator) and business offerings (OTC desk for high-volume traders, crypto invoicing for merchants, and a RESTful Crypto API with JavaScript SDK that markets 30-minute integration and fees as low as 0.5%). Underlying infrastructure includes a sandbox/demo environment at apidemo.breet.io, developer documentation at docs.breet.io, and PCI DSS-compliant processing with Nigeria Data Protection Act 2023 and NDPC compliance; licensed third-party partners handle crypto, card, and banking rails.
Breet's revenue model is transaction-fee based, combining undisclosed spreads on retail buy/sell/swap, negotiated fees on the OTC desk for serious movers, and usage-based fees on the Business API (0.5% minimum). GTM motion is hybrid: product-led growth via the self-serve consumer app complemented by direct enterprise sales for OTC and API customers. The company is private, employs 11–50 people, and discloses no external funding. Leadership includes COO Vivian Mbene; full management and ownership details are not publicly disclosed.
Breet firmographics
Firmographics- Name
- Breet
- Legal name
- Inbreetic Technologies Limited
- Website
- https://breet.app
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Breet is a Lagos-based cryptocurrency platform operated by Inbreetic Technologies Limited that lets users across Nigeria and Ghana instantly convert crypto into naira, cedis, or dollars, serving 400,000+ consumers plus businesses via OTC desk, invoicing, and a developer API.
- Ownership category
- akta.pro rank
Breet industry classification
Industry- Product category
- Crypto-to-Cash Exchange & Payments
- NAICS
- Securities and Commodity Contracts Intermediation and Brokerage (5231)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- OTC Desks & Block Trading Networks (FSAPADAH)
- akta.pro secondary industries
- Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL), Crypto Payment Gateways & Checkout APIs (FSADAIAA)
Keywords
Where Breet is headquartered
LocationHeadquarters
- HQ city
- Lagos
- HQ country
- Nigeria
- HQ region
- Africa
Offices2 records
Markets served
Breet business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Transaction Fees: Breet earns revenue through transaction fees on crypto buy, sell, swap, and spend transactions. For the Business API, fees are stated as low as 0.5% per transaction. Individual user fees are not publicly disclosed.
- OTC Trading Fees: High-volume OTC trades through the dedicated desk generate revenue through negotiated fees and spreads, providing personalized rates for serious traders and enterprises.
- API Integration Fees: Businesses integrating the Breet API pay usage-based fees (0.5% minimum) for processing crypto payments through the platform infrastructure.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Business API - As low as 0.5% fee |
| Transaction based/ take rate | Pay-as-you-go | OTC Desk - Personalized rates |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels15 records
Breet product offering
Product offeringCore offering
Breet operates an OTC crypto-to-cash platform that enables individuals and businesses across Nigeria and Ghana to buy, sell, swap, and spend cryptocurrency with instant conversion to naira, cedis, or dollars. The platform offers a self-serve consumer app and web dashboard alongside enterprise services including an OTC Desk for high-volume trades, a Crypto Invoice feature for businesses, and a RESTful Crypto API for developers to integrate crypto payments.
Product overview
Breet is a comprehensive cryptocurrency platform offering an integrated suite of products for both individuals and businesses across Africa. The platform operates as an OTC crypto-to-cash platform supporting naira, cedis, and dollars. For individual users, Breet provides core products including Sell Crypto (crypto-to-cash), Buy Crypto, Swap Crypto (crypto-to-crypto), Crypto Cards, Gift With Breet, Bills Payment, Market Insights, and utility tools like Crypto Rate Calculator and Crypto Converter. For business users, Breet offers the VIP/OTC Desk for high-volume trades, Business Invoice for crypto-based invoicing, and a Crypto API for developers to integrate crypto payments. The platform also provides educational resources through Breet Academy and research content via P2P Research. With 400K+ verified users, 40+ assets supported, and 500M+ trades executed, Breet positions itself as Africa's trusted crypto platform.
Differentiator
Problem solved
Functional benefit
Products and services
- Sell Crypto (Crypto-to-Cash) Allows users to sell cryptocurrency and receive cash (naira, cedis, or dollars) in minutes with instant settlement. Built for individual crypto holders in Nigeria and Ghana who need to convert digital assets into spendable local currency.
- Buy Crypto Enables users to purchase cryptocurrency and stablecoins with naira or cedis at competitive rates with instant delivery. Designed for individuals in Nigeria and Ghana entering or topping up crypto positions.
- Swap Crypto (Crypto-to-Crypto) Allows users to trade one cryptocurrency for another quickly and easily. Serves crypto users who need to rebalance across assets or convert between tokens.
- VIP Desk (OTC Desk) High-volume OTC crypto trading desk with dedicated support, personalized rates, and instant settlement. Built for serious crypto movers and enterprises executing large trades.
- Business Invoice Enables businesses to create invoices that can be paid in cryptocurrency, facilitating seamless crypto-based B2B transactions. Targets freelancers, agencies, and merchants receiving payment from crypto-holding clients.
- Crypto API RESTful API enabling businesses to integrate crypto payments into their products without building crypto infrastructure. Allows crypto-to-cash conversion, invoicing, and payment processing within approximately 30 minutes of integration. JavaScript SDK available.
- Crypto Cards Enables users to spend their cryptocurrency holdings directly via a linked card, bridging crypto balances with everyday card-based purchases.
Quantifiable outcome
- 400K+ verified users across Africa
- +4 more outcomes
Companies that use Breet
Customer profileNamed customers3 records
Segments2 records
Ideal customer profiles2 records
Breet technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
Breet partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Licensed PartnerscoreBreet partners with licensed third parties for crypto, card, and banking-related services. These partnerships enable the platform to offer fiat on/off ramps, card services, and banking integrations. Product availability varies by market and partner service coverage.
Scale indicators6 records
Recent moves5 records
Expansion highlights6 records
Breet competitors and assessment
Company assessmentBroad incumbents
- Luno: Global crypto exchange with significant presence in Nigeria and South Africa. A larger, more established incumbent offering similar buy/sell services to Breet's consumer base.
- Binance: The world's largest crypto exchange, with dominant P2P and OTC activity in Nigeria and Ghana. Competes with Breet on liquidity, brand, and pricing across both retail and OTC.
Regional players
- Remitano: P2P crypto exchange with strong presence across Africa, including Nigeria and Ghana. Overlaps with Breet on crypto-to-local-currency on-ramps but operates P2P rather than an OTC desk model.
Direct peers
- Quidax: Nigerian crypto exchange offering buy/sell/swap, OTC, and business API for African markets. Directly overlaps with Breet's consumer and OTC crypto-to-cash proposition and targets the same Nigerian user base.
- Yellow Card: Pan-African crypto exchange and on/off-ramp operating across multiple African countries. Competes directly with Breet on retail crypto buying/selling and B2B API/payment services.
- BuyCoins (Block-owned): Nigerian crypto exchange acquired by Block, providing buy/sell of crypto with naira on/off-ramps. Closely comparable to Breet's core consumer crypto-to-cash offering.
- Patricia: Nigerian crypto and gift card platform offering OTC, P2P, and crypto-to-naira services. Overlaps with Breet's OTC desk and crypto-to-cash conversion business in Nigeria.
- Bitnob: Africa-focused Bitcoin and stablecoin platform providing on/off-ramps, business APIs, and cross-border payments. Comparable to Breet's combination of consumer crypto and B2B API infrastructure.
- Chipper Cash: Pan-African fintech with crypto buy/sell and cross-border payments. Comparable to Breet in serving African consumers with crypto-to-fiat services, though broader in payments scope.
- Bundle (by Bakkt): African-focused social crypto app (acquired by Bakkt) offering buy/sell/swap with local fiat on-ramps. Direct competitor to Breet's consumer crypto experience in Nigeria and Ghana.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Breet social profiles
Digital presenceBreet compliance and trust
Trust signalCompliance2 records
Breet financial estimates
Financial estimateRevenue estimate
Valuation estimate
Breet leadership team
Management profileNumber of profiles
Profiles1 record
Breet funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Breet 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 Breet
What does Breet do?
Breet operates an OTC crypto-to-cash platform that enables individuals and businesses across Nigeria and Ghana to buy, sell, swap, and spend cryptocurrency with instant conversion to naira, cedis, or dollars. The platform offers a self-serve consumer app and web dashboard alongside enterprise services including an OTC Desk for high-volume trades, a Crypto Invoice feature for businesses, and a RESTful Crypto API for developers to integrate crypto payments.
Is Breet a public or private company?
Breet is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Breet founded?
Breet was founded in 2019. It employs 11 to 50 people.
Where is Breet based?
Breet is headquartered in Lagos, Nigeria, in the Africa region.
How does Breet make money?
Three revenue lines are on record. Transaction Fees are the primary driver. The others are OTC Trading Fees and API Integration Fees.
Who are Breet's main competitors?
Broad incumbents on record are Luno and Binance. Remitano is listed as a regional player. Direct peers are Quidax, Yellow Card, BuyCoins (Block-owned), Patricia, Bitnob, Chipper Cash and Bundle (by Bakkt).
Does Breet have an API?
Yes. Breet offers a Crypto API for businesses that enables developers to integrate crypto payments into their products without building crypto infrastructure. Key features include: 0.5% fee (as low as stated), 30-minute integration time, REST API with API reference documentation available, and sandbox/demo environment (API Demo at apidemo.breet.io). The API supports high-volume crypto trades with dedicated support and instant settlement via the OTC Desk for serious volume traders. Developer documentation is at docs.breet.io.
What industry is Breet in?
Breet's product category is Crypto-to-Cash Exchange & Payments. Its primary akta.pro industry code is FSAPADAH, OTC Desks & Block Trading Networks, with a secondary code of BPAMAFAL, Crypto Payments & Stablecoin Settlement Platforms. Its NAICS code is 5231 and its SIC code is 6200.