BitPesa

cryptocurrencyremittances

FOUNDING YEAR: 2013
LOCATION: Kenya
Last Update: 01/05/2020

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About

BitPesa is a Kenya-based foreign exchange company that converts bitcoins into local African currencies. The company currently exchange bitcoins for Kenyan shillings, which are delivered to M-Pesa in Kenya and M-PESA, Airtel Money and Tigo in Tanzania. The company also sell bitcoin in Kenya.The company has received an authorized payments license in the UK in 2015 from the Financial Conduct Authority (FCA)

Focus

PRODUCTS & SERVICES

Remittance service

REVENUE MODEL

The company charge transaction fee of 3%,

MAIN CLIENTS

Importers and Exporters

Traction

VALUATION / MARKET CAP:

$7.33 M in 2015

People

FOUNDERS

Elizabeth Rossiello

Duncan Goldie-Scot

BOARD MEMBERS AND ADVISORS

Pascal Gauthier

Dan Morehead

Jalak Jobanputra

NUMBER OF EMPLOYEES

1-10

INVESTORS:

Bitfury

Blockchain Capital

BnkToTheFuture

Colle Capital

Digital Currency Group

Draper Associates

Firestartr

Future Perfect Ventures

Greycroft Partners

Pantera Capital

Plug and Play Tech Center

Stephens Investment Management

Zephyr Management

KEY EMPLOYEES:

Elizabeth Rossiello (CEO); Amy Ludlum (CFO); Bob Aman (CTO)

Momentum

FUNDED

YES

TOTAL FUNDING

$4.3 M

DATE OF LAST FUNDING

Aug 2017

TOTAL FUNDING COMMENT

The company is planning use the funds to continue its expansion into Europe, the Middle East and Africa (Aug 2017).

SEED & PRIOR FUNDING

$1.8 M

SEED CLOSED ON

Feb 2015

FUNDING SERIES

SERIES A  · $2.5 M  · Aug 2017

LISTED

NO

BASICS

FOUNDING YEAR:

2013

LOCATION:

Kenya

Views:

276 VISITORS | 432 VIEWS
LATEST FUNDING ROUND

$4.3 M

TOTAL EMPLOYEES
1-10

About

BitPesa is a Kenya-based foreign exchange company that converts bitcoins into local African currencies. The company currently exchange bitcoins for Kenyan shillings, which are delivered to M-Pesa in Kenya and M-PESA, Airtel Money and Tigo in Tanzania. The company also sell bitcoin in Kenya.The company has received an authorized payments license in the UK in 2015 from the Financial Conduct Authority (FCA)

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