Coming to Africa: BitPesa Receives $1Million in Funding
Bitcoin is making progress growing throughout emerging markets worldwide. Africa seems to be the next area for growth in the market of international currency transfers and remittances, via the Bitcoin startup BitPesa. Now, with the help of California's Pantera Capital Management LP, BitPesa has received over $1 million USD in new funding for their burgeoning Bitcoin operations in Africa. In business since November of 2013, BitPesa has started sales of Bitcoin in Kenya and Ghana, and now has a team of 9 full-time employees. BitPesa's growth has been featured on the World bank's website and....
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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....
BitPesa is revolutionising the way transactions happen between Africa and rest of the world. Africa as a continent is a congregation of developing nations. A majority of people live in substandard conditions without access to basic amenities. Access to financial institutions has been a farfetched idea to most of them. Not anymore, thanks to the bitcoin powered economy. Not so long ago at NewsBTC, we spoke about the Bitcoin powered economy in an article titled "Will Bitcoin Foster a New Breed of Remittance Market in Africa?". A few days hence, the trends seem to be promising. Particularly....
Kenya could be considered the crucible for Bitcoin consumer uptake in Africa. Citizens already use mobile to send and receive micro-payments in everyday life, bypassing the need for bank accounts. Kimani: ‘Legislative Environment Favorable’ for Bitcoin. As startups wake up to the possibilities offered by shunning legacy finance, Bitcoin is getting a foot in the door early. BitPesa, which offers an alternative to the ubiquitous mobile money transfer service M-Pesa, has been advancing Bitcoin usage in Kenya for several years. Bitcoinist spoke to Michael Kimani, a former consultant at BitPesa....
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....
BitFury is a well-respected company in the Bitcoin community, as they are a hardware manufacturer as well as a company helping with validating transactions. In one of their recent announcements, the company mentioned how they made a strategic investment in BitPesa. This investment will help grow the Bitcoin trading platform and universal payment solution offered by BitPesa. BitFury Investment in BitPesa. It may sound strange on paper to hear BitFury has taken an interest in BitPesa, let alone invest in the company. But both businesses share a similar goal, as they want to increase....