AZA Group
AZA Finance is a financial services, foreign exchange and trading solutions company in frontier markets; currently currency pairs involving African currencies..[1]
| Private | |
| ISIN | 🆔 |
| Industry | Payments, Finance, Foreign Exchange |
| Founded 📆 | |
| Founder 👔 | |
Area served 🗺️ | |
| Products 📟 | BFX TransferZero |
| Members | |
Number of employees | 130 |
| 🌐 Website | https://azafinance.com |
| 📇 Address | |
| 📞 telephone | |
History[edit]
AZA Finance became the new parent of BitPesa in October 2019[2], with the latter being founded in Nairobi in 2013. AZA now has offices in Lagos, London, Luxembourg, Madrid, and Dakar. AZA's founder and CEO, Elizabeth Rossiello was driven to build solutions that reduce the cost of cross-border transactions in Africa which eventually grew into easing the treasury functions for companies[3][4].
AZA also raised $15 million in debt financing from the DBSA (Development Bank of Southern Africa) along with the rebranding[5]
Products[edit]
TransferZero[edit]
TransferZero is AZA's B2B2C product. It grew from the API offering upon the purchase of TransferZero in January of 2015. TransferZero enables companies such as money transfer organizations to integrate their services, trade and allow their customers to send money to end users in Nigeria, Uganda, Morocco, Ghana, Tanzania, Senegal, EU and the UK.
BFX[edit]
BFX is a B2B over-the-counter platform for businesses paying partners and suppliers across borders. Settlement is done through bank accounts in Nigeria, Uganda, Ghana, Senegal, EU and the UK.
References[edit]
- ↑ "In Some of Africa's Biggest Markets, Cutting Currency Risk Means Swapping the Dollar for Bitcoin". Fortune. Retrieved 2019-11-11.
- ↑ "Kenya's BitPesa announces it's rebranded, secured $15m in debt finance". Ventureburn. 2019-10-22. Retrieved 2019-10-28.
- ↑ "Bitcoin – an opportunity for African trade?". Global Trade Review (GTR). 2017-07-20. Retrieved 2019-11-26.
- ↑ "Crossing the Chasm: Towards the Professionalization of Digital Assets". Bloomberg. Retrieved 2019-11-26.
- ↑ "Kenya's BitPesa secures $15m debt funding as it rebrands". Disrupt Africa. 2019-10-22. Retrieved 2019-10-28.
External links[edit]
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