BitPesa to improve financial services for SMEs in Africa through BitBond partnership.
Bitcoins? Bitcoins? Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.
Berlin-based Bitbond, is a global peer-to-peer bitcoin lending platform. Small businesses get access to affordable loans while lenders earn profitable interest rates. Since Bitbond works exclusively with the digital currency bitcoin, neither the borrower nor the lender need a bank account to participate in our global loan market. Bitbond’s mission is to make investing and financing globally accessible.
BitPesa allows one to send and collect business payments, between Africa and the rest of the world.
This partnership will help small businesses in Africa gain access to funding on BitBond where they will be able to borrow and pay loans instantly and seamlessly directly to a mobile money platform or bank account in their local currency within minutes.
BitPesa’s digital platform currently offers payments to, from, and within Nigeria, Kenya, Uganda, Tanzania, and the Democratic Republic of Congo. Going forward, the company will continue to open up major payment corridors to better serve the growing number of people doing business in Africa.
The integration between Bitbond and BitPesa is now live in Kenya, Nigeria, Uganda and Tanzania.
Founder & CEO of Bitbond Radoslav Albrecht says: “10% of our global user base comes from Sub-Saharan Africa. We are excited to work with BitPesa in this region because there is a huge unmet demand for small business financing. Together with BitPesa, we can significantly improve our service. This means that a small business owner from Kenya can receive loan funding from investors from all over the world via Bitbond and have the funds paid out to his mobile money account in 20 minutes. This is an unprecedented level of innovation and convenience in the entire online lending space.”
“We are always excited to partner with companies that make doing business in Africa easier and more efficient. Our customers are businesses looking to grow across the continent and beyond. Better access to efficient financing is a tremendous way to boost their growth ,”said BitPesa founder & CEO, Elizabeth Rossiello.
