Marcus Swanepoel, Co-founder and CEO, BitX, “ We are very excited to bring on board a team of seasoned international investors that can add direct value to our business through their strong networks in both developed and developing markets, as well as their entrepreneurial and industry experience, especially in the mobile and payments space.” Bitx recently launched in Kenya and offers bitcoin wallets, builds bitcoin exchanges, helps merchant accept bitcoin by opening its API to developers and integrating with merchants among others. Apart from Kenya and South Africa, BitX has shop in Nigeria, Namibia and several others.   With plans for bitcoin ATM in Kenya, several merchants are signing up to accept bitcoins, therefore the raise to give everyone a bitcoin wallet makes great business sense.

BitX Raises US 800K to Expand into Emerging Markets - 72