AZA Finance
About
AZA is a provider of currency trading solutions that accelerate global access to frontier markets through an innovative infrastructure.
- Nairobi,Nairobi Area,Kenya
- 101 - 250
- https://azafinance.com
Details
- Last Funding Type
- Seed
- Last Funding Money Raised
- $1.10M
- Industries
- Finance,Financial Exchanges,Financial Services,Payments
- Founded date
- Nov 1, 2013
- Number Of Employee
- 101 - 250
- Operating Status
- Active
- Legal Name
- BTC Africa S.A.
- Also Known As
- BitPesa,AZA Group
AZA Finance is a digital foreign exchange and payment platform that leverages blockchain settlement to significantly lower the cost and increase the speed of business payments to and from frontier markets. AZA Group is a market-maker in every major African currency and opens corridors for business payments and trade between frontier markets and the rest of the world. AZA Group was the first blockchain company to be licensed by the UK's Financial Conduct Authority and follows stringent KYC practices. AZA Group services frontier market businesses and multinationals paying suppliers as far as China and UAE, as well as cryptocurrency traders. Our API also enables international remittance companies to send white-label payments to dozens of bank networks and mobile money operators across Nigeria, Kenya, Ghana, Uganda, Tanzania, Senegal, and the DRC.
Funding Rounds
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Jan 1, 2022 | Debt Financing | $25M | 1 |
Alameda Research
|
— | Detail |
| Apr 28, 2021 | Series B | $20M | — | — | — | Detail |
| Oct 22, 2019 | Debt Financing | $15M | 1 |
Development Bank of Southern Africa (DBSA)
|
— | Detail |
| Nov 23, 2018 | Series B | $5M | 1 |
Sompo Holdings
|
— | Detail |
| Aug 30, 2017 | Series A | $6.70M | 5 |
Greycroft
|
— | Detail |
Investors
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
Alameda Research
|
Yes | Debt Financing |
|
Development Bank of Southern Africa (DBSA)
|
Yes | Debt Financing |
|
Sompo Holdings
|
Yes | Series B |
|
Greycroft
|
Yes | Series A |
BitFury Capital
|
Yes | Seed |
Future\Perfect Ventures
|
— | Series A |
Pantera Capital
|
— | Series A |
Digital Currency Group
|
— | Series A |
Plug and Play
|
— | Series A |
Colle Capital Partners
|
— | Seed |
Employee Profiles
Acquisition
AZA Finance has acquired 2 organizations. Their most recent acquisition was TransferZero Money Transfer EP SA on Feb 7, 2018. They acquired TransferZero Money Transfer EP SA for 0.
|
Date
Company Name
|
Industry | Acquisition Type | Price | |
|---|---|---|---|---|
|
Feb 7, 2018
TransferZero Money Transfer EP SA
|
Financial Services | acquisition | — | Detail |
|
Apr 28, 2021
Exchange4free
|
Finance | acquisition | — | Detail |
