In a move to accelerate its growth across the international market, Kenya’s BitPesa has acquired TransferZero; an online money transfer platform based in Spain.
Launched in Kenya back in 2013, BitPesa has so far raised two rounds of funding, which in total hit the $10 million mark has established operations across Tanzania, Uganda, the DRC, Nigeria, Senegal, and U.K.
BitPesa is among the few international companies with license and infrastructure across Africa and Europe. Its acquisition of TransferZero is a strategic realignment for the BitPesa to plant its roots more in-depth into the UK and European online money transfer market.
“Europe is a hub for global remittance and payments companies,” said Elizabeth Rossiello, the founder, and CEO of BitPesa.
“Digital currencies and decentralized technology have hit critical mass in financial services and payments space. It is no longer a question of whether this technology will have staying power; rather, which specific technology and what product iteration will launch and scale first.
This is truly a partnership where the whole is greater than the sum of the parts, allowing BitPesa to solidify our leadership in this space. By bringing our regional …read more