Bitcoin Payments Startup BitPesa Raises $2.5 Million
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....
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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, a prominent bitcoin payments startup that initially launched in Kenya in November 2013 before expanding its presence in countries in Africa and beyond, has announced a $2.5 million Series A round of funding. The Series A round was led by noted US-based industry investor Draper VC, alongside participation from existing investors including the Digital Currency Group, Blockchain Capital, Pantera Capital Management, BnnToTheFuture, Zephyr Acorn and FuturePerfectVC. US venture capital firm Greycroft LLC joins as a new shareholder and investor. BitPesa CEO Elizabeth Rosielleo revealed....
A Kenyan High Court judge has ruled that M-Pesa operator Safaricom will not be required to grant access to bitcoin startup BitPesa amid an ongoing legal dispute. The move comes after the mobile payments firm Lipisha, along with BitPesa, asked the High Court of Kenya for a preliminary order that would enable access while their petition against Safaricom is being considered. As reported last month, BitPesa lost access to M-Pesa in mid-November when its payments gateway partner Lipisha had its account suspended by Safaricom. BitPesa had used Lipisha as a way to offer M-Pesa as a payment....
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....
African Bitcoin startup BitPesa launched its remittance service in Tanzania today. The service previously was available only in Kenya, where the company is headquartered. It hopes to undercut the fees charged by incumbents' remittance services. BitPesa launched its international money transfer in Kenya last year with the goal of expanding the service to the rest of Africa, something the company has slowly been working toward. Besides its remittance product, the company operates an exchange in Kenya and Ghana but Tanzania is the first country the startup has expanded its international money....