Tag: Crypto Currency

Crypto Currency innovation: Kenya’s BitPesa Raises $1.1 Million, Expands Operations

Crypto Currency innovation: Kenya’s BitPesa Raises $1.1 Million, Expands Operations

Cyber Security, Domains, Governance, Internet, Mobile
- BitPesa, the Nairobi-based startup that’s taken aim at the global remittance business, announced that it’s raised $1.1 million in a second round of funding led by San Francisco-based Pantera Capital. Dan Morehead, Pantera’s CEO and founder, joined the startup’s board of directors. WSJ Reports Other investors included Crypto Currency Partners, Stephens Investment Management, Bitcoin Opportunity Corp., and Future/Perfect Ventures. The company, which recently celebrated its one-year anniversary, has raised a total of $1.7 million. “We’ve learned a lot, and we’re growing,” Elizabeth Rossiello, BitPesa’s CEO and co-founder, told MoneyBeat. The company now has a staff of nine full-time employees, and has expanded its services beyond the remittance business. “We’re surprised ourselves