# AZA Finance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aza-finance

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.azafinance.com
- Total disclosed funding: $7.4M
- Latest round: Series A (Aug 30, 2017)
- Investors on record: 10

## About

Founded in 2013 and based in Nairobi, Kenya, BTC Africa S.A., also known as AZA Finance and formerly known as BitPesa operates an online digital foreign exchange and payment platform assisting in the business payments in frontier markets. The company was founded by Amy Ludlum, Charlene Chen, and CEO Elizabeth Rossiello. In April 2021, AZA Finance raised USD 50 million in series B and venture debt funding.

The company's product was composed of its flagship product TransferZero, a B2B2C product that allows wholesale currency purchase and retail settlement through API. BFX, a B2B over-the-counter platform that assists businesses with wholesale currency needs and utilizes financial infrastructures to manage liquidity and send payments to different bank networks and mobile money operators across Africa.

## Funding rounds

- Series A, Aug 30, 2017, $4.3M — Greycroft, Plug and Play
- Series A, Jan 30, 2017, $2.5M — Zephyr Management, Greycroft, Digital Currency Group, Draper, Future\Perfect Ventures, Pantera Capital, Blockchain Capital, Colle Capital, Bnk To The Future
- Seed, May 29, 2014, $0.7M — Digital Currency Group

## Investors

- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Seed, Series A
- Zephyr Management (https://capitalatlas.ai/funds/zephyr-management) — Series A
- Greycroft (https://capitalatlas.ai/funds/greycroft) — Series A
- Draper (https://capitalatlas.ai/funds/draper) — Series A
- Future\Perfect Ventures (https://capitalatlas.ai/funds/future-perfect-ventures) — Series A
- Pantera Capital (https://capitalatlas.ai/funds/pantera-capital) — Series A
- Blockchain Capital (https://capitalatlas.ai/funds/blockchain-capital) — Series A
- Colle Capital (https://capitalatlas.ai/funds/colle-capital) — Series A
- Bnk To The Future — Series A
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Series A