AZA Group (f.k.a. BitPesa)

Trading · Payments
AZA Group (f.k.a. BitPesa) header

AZA Group (f.k.a. BitPesa)

Trading · Payments

Hybrid Financial Infrastructure for Frontier Markets. Better Cross-Border Business.

Kenya, Nairobi
$30M
Total amount raised
2013
Year of establishment
Active
Status

About

Hi we’re AZA Group (f.k.a. BitPesa)!


Formally known as "BitPesa", AZA is an established provider of currency trading solutions which accelerate global access to frontier markets through an innovative infrastructure. By leveraging cutting edge technology in their flagship products, TransferZero and BFX, AZA is able to significantly lower the cost and increase the speed of business payments to and from frontier markets. TransferZero is their B2B2C product, which provides both wholesale currency purchase and retail settlement via their robust API. BFX is their B2B over-the-counter platform for businesses with wholesale currency needs, especially those paying partners and suppliers.
AZA's partners utilize their hybrid financial infrastructure and deep local knowledge to manage liquidity and send payments to dozens of bank networks and mobile money operators across Africa. Licensed by the UK's FCA and the Bank of Spain, AZA is a market-maker in every major African currency. Launched in Nairobi, AZA now has offices in Lagos, London, Luxembourg, Madrid, and Dakar.

Key objective

To accelerate global access to frontier markets through an innovative infrastructure.

Slogan / Motto

Fast, easy, cost-effective financial transactions for frontier markets.

Use cases

Cross-border payments
Merchant Solutions
Payment Platform
Foreign Exchange
Remittances

Team

Team members

Adam Gouveia CFO

Responsibilities

Adam learned about bitcoin in 2013 while working at a bank. He left three months later and has worked in the cryptocurrency/blockchain space ever since.

Ann-Elise Francis Head of Operations

Elizabeth Rossiello CEO & Founder

Responsibilities

Elizabeth has lived and worked in Nairobi, Kenya since 2009 and knows financial services from the Mara to the Board room. She speaks 5 languages, has 2 kids, and still makes sure everybody meets their deadlines.

Callum Dryden CTO

Responsibilities

Callum is the CTO of Bitpesa, with over 10 years of engineering experience. Callum started out as a Software Engineer at Sun Microsystems and has honed his skills in both the technology and financial sectors leading projects from market disrupting prototypes to multi-million dollar investment platforms for FNZ. Before joining Bitpesa Callum worked on RightScale’s cloud management platform which has given him a unique insight into delivering software solutions that can massively scale. He holds a B.Eng in Software Engineering from Edinburgh Napier University.

Products

Funding

Received funding
$29,950,000
Total amount raised
6
Rounds
18
Total amount of investors
Amount Raised
Funding type
Funding round closing
Investors
$15,000,000
Debt
Development Bank of Southern Africa (DBSA)
$5,000,000
Corporate
Sompo Holdings
$6,700,000
Series A
Digital Currency Group
Future Perfect Ventures
Greycroft
Pantera Capital Management LP
Plug and Play
$1,500,000
Venture
BitFury Capital
$1,100,000
Seed
Blockchain Capital, LLC
Colle Capital Partners
Digital Currency Group
Future Perfect Ventures
Pantera Capital Management LP
Stephens Investment Management
$650,000
Seed
Digital Currency Group
Firestartr
Future Perfect Ventures
Pantera Capital Management LP