Zimbabwean Bitcoin Exchange Secures Angel Investor Funding to Support Growth
Zimbabwean bitcoin startup BitFinance has announced a new investment from angel investor Taurai Chinyamakobvu, according to Techzim, a technology news site in Zimbabwe. BitFinance will use the funds to expand its service and improve the user experience on BitcoinFundi, the bitcoin exchange used by third-party subscribers to hold and trade bitcoin with other subscribers. BitFinance touts BitcoinFundi as Africa’s leading bitcoin exchange. Startup Joined Savannah Fund Accelerator. Tawanda Kembo and Verengai Mabika launched the startup in 2014. It gained visibility across Africa in 2015 when....
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An "angel investor" is someone who individually bankrolls an investment for a new company or business venture. They usually invest on a smaller scale than a "venture capitalist", but aren't looking to take a start-up public to reap huge rewards. An "angel" may invest more in the idea or the person leading the new venture than the expected financial returns, or the ability for the business to "go public". Well, Roger Ver is to angel investors what Phil Jackson is to NBA coaching success. He has had a hand in a long string of bitcoin success stories, and for bringing many people into the....
A Zimbabwean fintech lawyer, Prosper Mwedzi, recently initiated a process that seeks to bring recognition and regulation of cryptocurrencies. Under this private member bill procedure, a legislative proposition initiated by private citizens will be debated in the Zimbabwean parliament. If the crypto regulation bill succeeds in garnering the required support, it will become part of the country’s national laws. Meanwhile, Mwedzi’s attempt to use the private bill to bring regulation to Zimbabwe’s crypto space comes more than two years after the Reserve Bank of Zimbabwe (RBZ)....