Thursday
February 2
2017

Kenya’s BitPesa Closes $2.5M Funding Round

Kenyan digital currency payments platform BitPesa has closed a US$2.5 million series A funding round, with a view to expanding its services further across West and Southern Africa, as well as in the UK and Europe.

The round was led by US-based Draper VC, with participation from new shareholder Greycroft Partners, and existing investors Digital Currency Group, Pantera Capital Management, Blockchain Capital, Zephyr Acorn, FuturePerfectVC, and BnkToTheFuture.

This brings BitPesa’s total amount of funding raised to date to nearly US$6 million, less than four years since the company’s launch in 2013.

Source: Disrupt Africa (link opens in a new window)

Categories
Investing, Technology
Tags
digital payments, fintech, investment, mobile money