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§ Private Profile · Nairobi, Nairobi Area, Kenya
Fintech providing wholesale cryptocurrency liquidity and foreign exchange for businesses, focused on cross-border payments in African currencies.
BitPesa is a Nairobi, Kenya-based financial technology company that provides wholesale cryptocurrency liquidity, foreign exchange, and cross-border payment services for businesses operating across frontier markets. The platform utilizes blockchain infrastructure to enable fast, cost-effective financial settlements between African fiat currencies, regional mobile money networks, and digital assets such as Bitcoin. Operating with a workforce of over 100 employees, the enterprise has raised $30 million in total equity funding across six separate rounds to support its ongoing expansion throughout jurisdictions like Nigeria, Uganda, and the Democratic Republic of the Congo. Now operating under its rebranded corporate parent company AZA Finance, the firm secured a $15 million debt financing facility from the Development Bank of Southern Africa and previously acquired the European remittance technology startup TransferZero. BitPesa was originally founded in 2013 by Elizabeth Rossiello and Charlene Chen.
BitPesa has raised $5.8M across 3 funding rounds.
BitPesa has raised $5.8M in total across 3 funding rounds.
BitPesa has raised $5.8M across 3 funding rounds. Most recently, it raised $2.2M Other Equity in January 2019.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 2, 2019 | $2.2M Venture Round | — | — | Announced |
| Jan 30, 2017 | $2.5M Series A | TIM Draper | Blockchain Capital, Bnktothefuture, Digital Currency Group, Alan Patricof, Pantera Capital Future\Perfect Ventures, Zephyr Acorn | Announced |
| Feb 11, 2015 | $1.1M Venture Round | DAN Morehead | — | Announced |
BitPesa has raised $5.8M in total across 3 funding rounds.
BitPesa's investors include Tim Draper, Blockchain Capital, BnkToTheFuture, Digital Currency Group, Alan Patricof, Pantera Capital Future\Perfect Ventures, Zephyr Acorn, Dan Morehead.