Pan-African Bitcoin Startup BitPesa Raises $2.5 Milion
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....
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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....
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....
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....
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....
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....