Kenya based digital currency payments platform BitPesa has secured $2.5m in Series A funding led by Draper VC. BitPesa is a payments platform that offers an easy way for individuals and businesses to make payments to and from sub-Saharan Africa.
Having initially launched in Kenya in 2013, BitPesa has rapidly expanded its footprint both in Africa and around the world. BitPesa operates in Nigeria, Kenya, Tanzania, Uganda, the DRC, the UK and Senegal. In addition, it has direct integrations to transact with over 30 currencies and 2016 saw the launch of its API platform, which enables the fastest settlement and best pricing between African and Chinese banks. BitPesa focuses on B2B customers operating in and across its key markets and offers FX, Treasury, and Settlement products via API or live OTC trading. As reported last year the BitFury Group, the world’s leading Bitcoin Blockchain infrastructure provider and transaction processing company made an investment in BitPesa, which has now raised a total of nearly $6 million since launching in Kenya in 2013.