Africa Sees Record VC Funding in Q1 2015
Africa has achieved yet another milestone in the world of cryptocurrency as the first quarter of 2015 drew to a close. The continent saw the highest amount of venture capital backing so far according to the State of Bitcoin report, which covered the trends of cryptocurrency in the period. Although Bitpesa, headquartered in Nairobi, Kenya, was the only African cryptocurrency startup to make it into the VC investment section of the report, it was able to raise US$1.1 million from Pantera Capital, Bitcoin Opportunity Corp and Cryptocurrency Partners in its second round of funding. This was....
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Bitcoin is a booming industry in Africa; a lot of startups and other digital currency business are growing exponentially. The digital currency ecosystem has found many followers in Africa and this week the continent's first Bitcoin conference is taking place in Cape Town, South Africa. This first quarter of 2015 the Bitcoin industry has grown as never before. A record amount of venture capital has been placed into the digital currency on a global scale. The US$299 million invested takes the all-time total Bitcoin startup funding to US$676 million. Reports indicate The first quarter of this....
Editor’s Note: This article has been changed to make the nature of the Bitcoin Africa Conference more clear. The name of this title is “Bitcoin Africa Conference,” and this is the first time the conference has been held. The author of this article was not saying that this Bitcoin conference is the very first one in Africa. We apologize for any misunderstanding. As you may know, the world’s first Bitcoin Africa Conference will be held on April 16-17, 2015 in Cape Town, South Africa. With all the buzz surrounding Bitcoin in Africa lately, it is no surprise that the first conference has made....
After raising $1.65 million via a pre-seed extension, Bitmama, a Nigeria-based blockchain startup, has now closed its pre-seed funding round at $2 million, a report has said. Leading the funding round were two Africa-focused venture capital firms: Unicorn Growth Capital and Launch Africa.
New Funding to Help Bitmama Scale Up Crypto Use Cases in Africa
A Nigeria-based blockchain startup, Bitmama, recently closed its pre-seed funding round at $2 million after it added $1.65 million to the $350,000 that was raised in October last year. According to a Techcrunch report, the funding....
A South Africa and London-based fintech startup, JUMO, recently revealed it has raised $120 million in a funding round led by Fidelity Management & Research Company. AI-Powered Financial Services According to a report by Techcrunch, financial services giant Visa and Kingsway Capital also participated in the funding round, which now sees JUMO valued at $400 million. This latest capital influx comes a year after the startup successfully raised $55 million in what the report calls a similar but unnamed funding round. JUMO, which was founded in 2015 by founder and CEO Andrew Watkins-Ball,....
The world of blockchain technology has seen its fair share of investments throughout the years. Just last year, in 2015, a new record for VC funding was noted. But the recent charts by WeUseCoins seems to indicate the blockchain investment bubble is about to burst. It is not entirely surprising the year 2016 may see a dip in blockchain investments. Other....