
CTO @StreetFDN - prev co-founder of a $300m co
Joined December 2023
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We have removed Kled from the Nigerian app store and IP banned the entire region.
The first thing I would like to say is I have nothing against Nigeria. I have a ton of friends from this region and these were some of our earliest app adopters. Genuinely, thank you all for the support.
Kled has been up and running and out of beta for 4 months now. We have paid out hundreds of thousands of people for their data, and our users have uploaded over 1 billion assets onto our platform.
After several months of uploads we found that Nigeria had a ≈95% fraud rate. Instead of real, usable data, users were uploading pictures of black screens, duplicate photos, internet generated images, AI generated images, etc. at an unimaginable scale.
In comparison, Malaysia, Indonesia, and the Philippines have a less than 10% fraud rate across 10x the userbase size.
Our fraud system is fast to catch these issues but the level of complexity of these schemes is getting out of hand.
This weekend we were flooded with thousands of fake Japanese passports and identity cards with Nigerians photoshopped onto them in our KYC system. That was the final straw.
As a startup we can't afford to eat the costs of that data overhead, so we temporarily removed the app from the region while we improved our fraud detection and banning system to quickly filter out bad actors when the time is right.
On top of all of this, every time we make a post there is someone asking us to bring the region back within seconds. We hear you, but it's gotten out of hand.
We've made this decision with great care. We love everyone who has genuinely supported Kled from Nigeria, and we hope to return when the time is right.
-Kled Team
rishi retweeted
[ KLED x STREET ]
Street Frontier II now has the right to buy up to 10.00% in Nitrility Inc., the parent company of @useKled with a current position of 5.00% in shares.
Kled has committed 100% of the $KLED trading fees to the Street Frontier II SPV, which are then reinvested into Nitrility Inc. by the Street SPV.
$KLED tokenholders don't have to do anything. No need to KYC, no need to lose your liquid tokens. No need to get rid of liquidity. No cutting out 98% of tokenholders. Welcome to the future.
With this SAFE the equity value held by Street Frontier II comes up to USD14,000,000 based on the last raise of Nitrility Inc.
Kled hereby participates in the ERC-S framework.
It was special to see so many people come together at our @StreetFDN dinner at Stanford around a shared mission: making tokens valuable.
Joining us: Founders Fund-backed startups, Whop, Pantera, Paradigm, Kled, Stanford Blockchain Club, the Street team, and Stanford researchers, PhDs, and NVIDIA talent.
When we first started thinking about Street in July 2025, we mostly got pushback.
“Crypto needs to be a casino to be interesting.”
“People don’t actually want valuable tokens.”
“Nobody cares about equity-token bifurcation.”
Now, the question of what makes a token valuable is becoming one of the most important questions in crypto.
The mission of Valuable Tokens for Radical Ideas is just getting started, and we could not be more excited.
Excited to join @StreetFDN as CTO.
Stanford CS + research at NASA and Intel pushed me deep into the engineering side of building. And time around VC (Peterson Ventures: Peterson Ventures and @StartX) made this clear: the best startups don't collapse b/c of bad products, but because of episodic capital.
You pitch. Get funding. Wait 6 months. Repeat.
Street flips this reality. We create a place for startups to go public earlier, unlock real price discovery, and stay continuously funded b/c they're tradable. Street changes fundraising cycles from months to days, letting founders build without the worry of where the next dollar is coming from.
That’s the mission: make valuable tokens for radical ideas. If crypto is going to matter long-term, it has to keep founders building.
-RH





