# BitPesa

**Source:** https://www.startuphub.ai/startups/bitpesa
**Profile type:** Startup

> A digital currency platform enabling fast, low-cost payments to and from frontier markets.

## About

BitPesa developed a system that allows businesses a fast, easy, and low-cost channel to make payments to, from, and within frontier markets. They focused on leveraging blockchain technology to facilitate remittances and cross-border transactions, particularly in Africa.

## Key facts

- **Slug:** bitpesa
- **Website:** https://www.bitpesa.com/
- **Location:** Nairobi, Kenya
- **Founded:** 2013
- **Operating status:** Inactive
- **Total funding:** $13M
- **Sectors / tags:** Fintech, Payments, Digital Payments, Remittances, Cross-border Payments, Frontier Markets, Blockchain, Cryptocurrency

## Frequently asked

### What does BitPesa do?

BitPesa developed a system that allows businesses a fast, easy, and low-cost channel to make payments to, from, and within frontier markets. They focused on leveraging blockchain technology to facilitate remittances and cross-border transactions, particularly in Africa.

### What is BitPesa's revenue?

StartupHub estimates BitPesa's annual revenue at $5.4M (range $3.6M to $14.2M, 27% confidence), based on comparable companies in the sector.

### What is BitPesa's valuation?

StartupHub estimates BitPesa's effective valuation at $49.4M (range $32.5M to $78.0M, 10% confidence), based on comparable companies in the sector.

### How much funding has BitPesa raised?

BitPesa has raised a total of $13M in funding. The most recent round on record is Series B.

### Where is BitPesa headquartered?

BitPesa is headquartered in Nairobi, Kenya.

### When was BitPesa founded?

BitPesa was founded in 2013.

### What industry does BitPesa operate in?

BitPesa operates in Fintech, Payments, Digital Payments, Remittances, Cross-border Payments, Frontier Markets.

### What is BitPesa's current status?

BitPesa's current operating status is: Inactive.

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