Founded in 2013, BitPesa is a bitcoin remittance startups that offers individuals and businesses an easy way to make payments to and from sub-Saharan Africa. They are headquartered in Nairobi, with offices and staff in Lagos, London and San Francisco.
Since Bitcoin is a wide network and an easier way to aggregate payments worldwide, BitPesa can utilize the market to disrupt the financial services market in Africa and provide a convenient method for Africans to use a variety of online payments. The settlement directly occurs to and from African bank and mobile money accounts. The use of Bitcoin as the medium for currency exchange facilitates cheap, efficient and quick payments from and between East, Central and West Africa while forgoing traditional bank wire and broker costs. It provides an online platform to convert digital currency such as bitcoin into local African currencies.
BitPesa offers instant payments to and from 7 different mobile money networks and over 60 banks. Now operating in 4 countries, customers can delivered fiat currency directly to mobile phones in Kenya, Nigeria, Tanzania, and Uganda. In Kenya, users can receive local currency into mobile money wallets or bank accounts. BitPesa can also sell Bitcoins in Kenya, Nigeria, and Uganda.
- Company: BitPesa
- Started: 2013
- Total VC Funding: $1.1 million
- HQ: Nairobi, Kenya
- Linkedin Employee Count: 20
- Co-founders: Bob Aman (CTO), Amy Ludlum (CFO), Elizabeth Rossiello (CEO), Charlene Chen (COO)
- Product: Bitcoin Payments, FinTech Service