Bitpesa Raises $1.1 million To Expand To New African Countries
Started in Nairobi, Kenya a little more than year ago, Bitpesa’s mission was to bring cheaper and faster remittances powered by bitcoins to Africa. The company has continued to pursue their mission but has came to an important milestone, with the announcement that has raised $1.1m in a funding round led by Pantera Capital. Other investors included Crypto Currency Partners, Stephens Investment Management, and previous investors; the Bitcoin Opportunity Corporation and Future/Perfect Ventures. Pantera Capital’s CEO, Dan Morehead, has joined the company as a board member and will be taking a....
Related News
BitFury announced on Monday that it has invested in BitPesa, a universal payment and trading platform for the African continent, via its investment wing BitFury Capital. Why BitPesa? The platform allows individuals and businesses to send payments to and from African countries; namely, Kenya, Nigeria, Uganda, and Tanzania. BitPesa accepts Bitcoins from anywhere in the world and exchanges it for local African currencies. In addition, BitPesa offers a service to convert the local African currencies into international currencies with the use of Bitcoin, hence removing the dependence on the US....
BitPesa receives a Series A funding of $2.5 million from few leading names in the investor community. The leading African Bitcoin payments startup, BitPesa has successfully raised $2.5 million in Series A funding. Led by Draper VC, Greycroft LLC and other existing investors have participated in the company’s latest fundraising round. BitPesa has established itself as one of the leading cryptocurrency businesses in Africa. The Kenyan company has been proactive in the region’s financial sector by offering Bitcoin-powered financial services to the unbanked and the underbanked population. The....
Bitcoin mining giant BitFury has today announced a ‘strategic investment’ through its investment arm BitFury Capital in BitPesa, a Pan-African and universal payment and bitcoin trading platform. The BitFury Group, the best-funded miner in the Bitcoin industry through investments has today announced an investment of its own in African bitcoin payment and trading platform BitPesa. As a payments processor, BitPesa enables users in Africa to buy and sell local African currencies through Bitcoin. The settlement directly occurs to and from African bank and mobile money accounts. The use of....
Bitcoin startups BitPesa and Bitbond, based in Africa and Germany respectively, have announced a new initiative to bring financing options to businesses in Kenya, Nigeria, Tanzania and Uganda. The partnership sees BitPesa, a pan-African bitcoin payments startup that initially launched in Kenya in 2013 as the continent’s first bitcoin company, with Bitbond, a prominent Berlin-based peer-to-peer crowdlending platform for small and medium-sized enterprises globally, while the public Bitcoin blockchain for payment processing. Bitbond claims to have processed over 1,6000 loans worth $1.2....
Bitpesa has now started to offer B2B fund transfer services between African nations and China. The digital currency that knows no boundaries — Bitcoin has been rightly called as the universal currency. The decentralized nature of Bitcoin makes it a truly global medium for value exchange, not under the control of any one country or institution. This very nature of Bitcoin is now being utilized by many companies in the African continent to conduct trade with those in China. Bitpesa, the Bitcoin payments application which started as a cryptocurrency based contender for Mpesa is now offering....