Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Capital on the Frontier Best Practices Geographies
Slack Conference Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe
Features
Series
Themes
Community
Data
Subscribe Log In
More

What do you get when you cross Bitcoin and MPesa?



Kenya’s BitPesa raised $2.5 million in financing from Silicon Valley investor Tim Draper’s Draper VC, Greycroft Partners, and numerous existing investors.

MPesa, of course, is Kenya’s wildly successful mobile money service.

BitPesa can make financial transactions, particularly international remittances, cheaper and more accessible by using bitcoins, which the service then exchanges into local currencies for deposit into bank or mobile money accounts.

The new funding will help BitPesa expand in Africa and Europe; the company currently operates in Nigeria, Kenya, Tanzania, Uganda, the DRC, the UK and Senegal.

It claims to be the cheapest way to send money between Africa and China.

Photo credit: Smartkenya.co.uk

You might also like...