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BitPesa

Bitcoin to Kenyan Shilling Exchange : Simplifying international remittances, business payments, NGO donations, and diaspora invesments

  • Stage Product In Development
  • Industry Financial Services
  • Location Nairobi, Kenya
  • Currency USD
  • Founded October 2013
  • Employees 7
  • Website bitpesa.co

Company Summary

We aim to be the first regulated Bitcoin to local African currency exchange that allows direct bank deposits. Kenya is the 2nd largest remittance market in sub-Saharan Africa, with over $1.2B sent annually from diaspora and businesses abroad. Average fees for these transfers are 9% and can take days to clear. The efficiencies of digital currency protocol can be used to streamline these transfers and enable more international payments.

Team

  • 68547462 73c3 46da 8cc3 cf5384e2a4e6
    CEO and Co-Founder

    East and Southern Africa micro-financial services expert, ratings analyst and investment advisor with deep knowledge of product development

  • C12a0543 550c 4541 a6f9 8dbae8e5248e
    COO/CTO

    6 years of experience in East Africa as Marketing and Product Manager for mobile financial services, 4 years as Enterprise Application Consultant in the US

Advisors

  • Default avatar
    Dan Heyman
    Advisor
    Unconfirmed
    Default avatar
    Michael Bumann
    Product Engineer
    Unconfirmed

Previous Investors

  • Default avatar
    Duncan Goldie-Scot
    Co-Founder
    Unconfirmed