---
title: History - Wakandi Group
---

- #### February 2018
  
  Espen Kvelland had an idea about creating Bank 2 Coin
- #### February 2018
  
  Espen presented the idea to Svein Inge, Stian and Andreas
- #### March 2018
  
  Andreas Holmen came up with the name “Ledgefarm”
- #### April 2018
  
  Espen Kvelland registred LEDGEFARM AS.  
  Sele Mduda contateced Andreas Holmen and Stian Andreassen with an idea about creating a blockchain payment framework sending money from Europe to Africa.
- #### May 2018
  
  Andreas Holmen came up with the name “Wakandi” and Andreas and Sele created the logo togheter with some help from a designer.  
  Sele Mduda presented whitepaper for “AFRI.cash” to Espen Kvelland, Andreas Holmen, Stian Andreassen
- #### August 2018
  
  Development on the core system started  
  Sele Mduda, Espen Kvelland, Andreas Holmen and Stian Andreassen traveled for the first time to Africa, Tanzania.  
  Meetings with different IT – companies and Banks, testing the business case and learning.
- #### October 2018
  
  Stian Andreassen started as CEO in LEDGEFARM AS  
  Andreas Holmen registred WAKANDI GROUP AS as a daughter company of Ledgefarm. Ledgefarm was main owner togehter with SelTech (Sele Mdudas holding company)
- #### November 2018
  
  The first app. Oraait was created as a POC
- #### March 2019
  
  Stian Andreassen started as CEO in LEDGEFARM AS  
  Andreas Holmen registred WAKANDI GROUP AS as a daughter company of Ledgefarm. Ledgefarm was main owner togehter with SelTech (Sele Mdudas holding company)
- #### June 2019
  
  Workshop with 14 official gonvernments i Dar where Sele Mduda, Espen Kvelland and Stian Andreassen presented Wakandi Core consept  
  Sele Mduda, Espen Kvelland and Stian Andreassen traveled for the first time to Ghana and Ivory Coast meeting banks and studying the market.  
  Sele Mduda and Stian Andreassen met wih Central Bank, Speaker of the Parlament, and invited to the Parlament.
- #### October 2019
  
  Sele Mduda and Espen Kvelland traveled for the first time to Rwanda
- #### November 2019
  
  Espen Moen Kvelland started as CEO in LEDGEFARM AS  
  Espen Moen Kvelland started as CEO in WAKANDI GROUP AS  
  Sele Mduda and Espen Kvelland traveled for the first time to South Africa  
  Registration of Wakandi East Africa Limited
- #### January 2020
  
  LEDGEFARM AS changed name to WAKANDI GROUP AS
- #### February 2020
  
  WAKANDI GROUP AS changed name to WAK OPERATIONS AS
- #### November 2020
  
  Reistration of Wakandi South Africa  
  Change of Name Wakandi East Africa Limited to Wakandi Tanzania Limited
- #### February 2021
  
  Initially contact with partners in Kenya
- #### August 2021
  
  Bank Of Tanzania license (PSP)