Bitcoin payments startup BitPesa has raised $2.5m in a new Series A funding round.
The round was led by Draper VC, and included support from Greycroft Partners, Blockchain Capital, BnkToTheFuture, Digital Currency Group, Pantera Capital Future\Perfect Ventures and Zephyr Acorn. Of those, Greycroft is a new investor in the startup.
Plans for the year ahead include continuing to focus on customer growth and outreach, with a focus on Nigeria, the startup’s largest market.
Founder and CEO Elizabeth Rossiello said in a statement:
In statements, those backing the firm, including existing investor Tim Draper, highlighted BitPesa’s local approach to growth.
“It takes a locally-based team to work in the evolving landscape of frontier market financial services, and BitPesa's approach to investing in teams, infrastructure, and compliance from Lagos to London gives them a strong advantage,” Draper said.
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in BitPesa.
Image via BitPesa
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