Latest Round a Huge Step Forward for BitPesa and Emerging Market Crypto
Early last year we wrote about the company that was aiming to become the go to technology for remittance payments and Kenyans. Now, this company has taken a step further towards its goal. BitPesa, the company that promises to allow Kenyans to pay staff and suppliers in one easy transaction, has announced the raising of $1.1 million in a follow-on funding round. The latest funding round was led by Pantera Capital Management LP, and also garnered support from Crypto Currency Partners LP, Stephens Investment Management LLC, and existing shareholders: the Bitcoin Opportunity Corporation and....
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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....
Earlier this week, leading African Bitcoin startup BitPesa secured a $2.5 mln funding round from leading venture capital firms including Draper VC, Blockchain Capital, BnkToTheFuture, Digital Currency Group and Pantera Capital. To date, the startup has secured mlns of dollars in funding, both in disclosed and undisclosed amounts, from key players within the Bitcoin industry, such as The BitFury Group and Pantera Capital. In 2015, Pantera Capital led a $1.1 mln funding round and BitPesa secured another investment earlier in 2016. Over the past few years, BitPesa has focused on providing....
Bitcoin payments startup BitPesa has raised $2.5m in a new Series A funding round. The round was led by Draper VC, and included support from Greycroft Partners, Blockchain Capital, BnkToTheFuture, Digital Currency Group, Pantera Capital FuturePerfect Ventures and Zephyr Acorn. Of those, Greycroft is a new investor in the startup. The announcement comes just under two years after BitPesa, which operates in markets like Nigeria, Kenya and Uganda, among others, raised $1.1m in a round led by Pantera Capital. Last year, BitPesa received an investment from The BitFury Group. Plans for the year....
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....
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....