Latest Round a Huge Step Forward for BitPesa and Emerging Market Crypto

Early last year we wrote about the company that was aiming to come the go to technology for remittance payments and Kenyon. Now, this company is taken a step further towards its goal. BitPesa, the company that promises to allow Kenyans to pay staff and suppliers in one easy transaction, has announced the raising of $1.1 million in a follow-on round. The latest funding round was led by Pantera Capital Management LP, and also garnered support from Crypto Currency Partners LP, Stephens Investment Management LLC, and existing shareholders: the Bitcoin Opportunity Corporation and Future/Perfect Ventures, among others.
Elizabeth Rossiello, CEO and co-founder, had this to say:

This post was published at NewsBTC on February 10, 2015.