The Development Bank of Southern Africa( DBSA) has extended a $15 Million funding to AZA, which was formerly known as Bitpesa. The company has also undergone a rebranding of its products and services.
The funding is meant to improve liquidity and service as many transactions as possible as it expands to other markets across the world.
Following the rebranding, AZA will be a parent company to Bitpesa, BFX and TransferZero. Bitpesa will provide cryptocurrency liquidity, exchange and other services for individuals and institutions across Africa. BFX will enhance African SMEs in Africa to pay and receive payment through various channels and on the other hand, TransferZero as an API will enable businesses plugin and enlarge the business remittance, lending and banking businesses with ease.
AZA will still have its headquarters in Nairobi and have its regional offices in Lagos, London, Luxembourg, Dakar and Madrid. It has operations in Tanzania, Uganda, Kenya, Morocco, Ghana, Nigeria, South Africa, Ivory Coast, Benin, Togo and Senegal.
The Development Bank of Southern Africa is a South African government-owned development institute that provides funding to economic development projects.
Related;
