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Tech EU_Fintech_startup_TransferZero_acquired_by_African_blockchain_company_BitPesa
Tech EU_Fintech_startup_TransferZero_acquired_by_African_blockchain_company_BitPesa

Tech EU: Fintech startup TransferZero acquired by African blockchain company BitPesa

Kenyan blockchain payments company BitPesa has acquired Spanish fintech startup TransferZero, enhancing its capabilities in Europe and Africa. TransferZero, based in Madrid and partnered with Spain’s Bankia, will continue operating under its brand, with CEO Luis Cambronero becoming a managing director at BitPesa. The acquisition aims to expand their presence in the UK and European markets. BitPesa’s CEO, Elizabeth Rossiello, highlighted the increasing acceptance of digital currencies and blockchain technology in financial services, supported by favorable regulatory changes in Europe. Cambronero emphasized the deal’s potential to enhance TransferZero’s technology, facilitating faster and more cost-effective global money transfers. Read it here.

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