We are thrilled to announce that BitPesa closed a $2.5 million Series A round to expand its services in the UK, Europe and further across West and Southern Africa. 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, Future\Perfect Ventures, Colle Capital and BnkToTheFuture.

In 2013, we launched our payment platform in Kenya, with a mission to connect African payment infrastructure with the rest of the world. Less than three years later, we operate in Tanzania, Uganda, Nigeria, the UK, the DRC and Senegal, having raised a total of nearly $6 million. BitPesa has also gone beyond allowing customers to make small mobile payments to loved ones to providing better features for business customers who want to send payments straight to bank accounts or send multiple payments to employees via mobile money.

Today, individual and business customers send and receive payments through our direct integrations with over 30 currencies. Last year, we launched our API for our global partners, making business payments even more seamless. We have the fastest settlement and best pricing between African and Chinese banks. With 9000+ Users and 34,000+ transactions, BitPesa continues to save customers time, hassle and money.

Many businesses across Africa have struggled to find a low-cost, reliable solution for making global payments with African currencies. Overseas and even pan-African payments take weeks to settle and rack up unbelievably high fees. BitPesa opens up payment corridors between Africa and the rest of the world.

With this new funding, we start 2017 focused on becoming the largest licensed payment company in the UK, Europe and Africa that offers real-time settlement at wholesale FX rates to frontier and emerging markets. Our mission is to provide our B2B customers best in class compliance and customer service.

Team BitPesa has always strived to stay close to our customers, building solutions that work in the places they need them. Our success has been possible because of your support and feedback. Thank you so much for being part of this journey of growth!

Check out the BitPesa website and learn how you can send and receive fast and cost-effective payments across Africa!

If you have any questions, please email us at support@bitpesa.co or submit a message via our Contact page. Talk to us via call or WhatsApp in Kenya (+254 714 356 461) or Nigeria (+234 908 206 5264) and our social media pages on Facebook and Twitter.