Kenyan AI and Blockchain Startup Receives Investment From Swiss VC Firm – Africa Bitcoin News
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Kenyan AI and Blockchain startup, BitPesa, has recently received investment from Swiss venture capital firm, Lakestar. This marks the first time that a Swiss venture capital firm has invested in a Kenyan startup.
BitPesa is a digital currency platform that allows users to transfer money across Africa using blockchain technology. The startup was founded in 2013 and has since grown to become one of the leading digital currency companies in the region.
The investment from Lakestar will be used to expand BitPesa’s operations in Africa, as well as to develop new products and services. The startup is looking to use the funds to further its mission of making financial services more accessible to people across the continent.
The investment is an important step for the development of the African technology sector. BitPesa is one of the first African startups to receive investment from a major venture capital firm. This investment shows that investors are beginning to recognize the potential of African startups and are willing to invest in them.
The investment is also a sign of the growing interest in blockchain technology in Africa. BitPesa is one of the leading companies in the region that is using blockchain technology to make financial services more accessible. This investment is a sign that investors are beginning to recognize the potential of blockchain technology in Africa.
BitPesa is a great example of how African startups can use technology to make financial services more accessible. With the investment from Lakestar, the startup is well-positioned to continue to expand its operations and develop new products and services. This is an exciting time for the African technology sector, and this investment is a sign of the potential that African startups have.
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