Kenya’s BitPesa secures US$15m debt funding as it rebrands

KENYA – Kenyan fintech startup BitPesa announced that it had rebranded to become AZA Group and had secured $15 million in debt financing from South Africa’s the Development Bank of Southern Africa (DBSA). BitPesa, which raised two funding rounds in 2017 and another last year to take its total secured investment to around the US$15 million mark, launched in Kenya in 2013, and has since expanded into a host of other African countries, including Ghana, Morocco, Nigeria, and Uganda. The new funding will see AZA continue its growth further across…

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