African Bitcoin Startup, BitPesa Raises $2.5 Million Series A Funding
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....
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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....
Africa Blockchain Lab recently said it has raised $6 million from a pre-Series A investment round and will use the capital to fund the launch of a crypto wallet.
Driving Adoption of Cryptocurrencies
An African crypto startup, Africa Blockchain Lab, recently confirmed it has received $6 million from a pre-Series A investment round. The round was led by a consortium of global as well as African venture capital firms like Lateral Frontiers VC, CRE Venture Capital, and Musha Ventures.
Global investors that took part in this round include Dragonfly Capital, Hashkey....
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....
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 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....