BitPesa has been named as one of the 61 most promising Technology Pioneers in 2018 by the World Economic Forum. This recognition comes in the wake of the “…work in facilitating faster and cost-effective cross-border transactions in, out and within Africa using the blockchain settlement,” the company says and it is the first company to make a market between Africa and digital currencies.
The World Economic Forum Technology Pioneers are early-stage companies from around the world that are involved in the design, development and deployment of new technologies and innovations, and are poised to have a significant impact on business and society. This year’s selection is the most diverse ever, both geographically and in terms of gender. 23% are female-led, and a majority (54%) come from regions outside the United States and Silicon Valley. The pioneers’ focus is just as diverse, with technologies including artificial intelligence, big data and internet of things (IoT), biotechnology, blockchain, autonomous vehicles, cyber security, vertical farming and other agricultural advances, decentralised microgrids and robotics.
As Fulvia Montresor, Head of Technology Pioneers at the World Economic Forum explains, “We welcome BitPesa in this diverse group of technology pioneers. BitPesa and its fellow pioneers are front and centre in shaping the ongoing Fourth Industrial Revolution and we believe they will be transforming society and industry in a positive way in the years to come.”
The Technology Pioneers were selected by a selection committee of more than 60 academics, entrepreneurs, venture capitalists and corporate executives. The committee based its decisions on criteria including innovation, potential impact and leadership. Past recipients include Airbnb, Google, Kickstarter, Mozilla, Palantir Technologies, Spotify, TransferWise, Twitter and Wikimedia.
“Our customers and supporters have made this possible, as they are the true confirmation of what the blockchain can do to ease formerly painful business processes.” BitPesa points out, they’ve grown to more than 7 markets in 5 years while creating hybrid financial infrastructure that is equally accessible and efficient.
BitPesa’s customers include large multinationals, SMEs and traders who have grown alongside the company. Africa is playing an increasingly pivotal role in the global economy and BitPesa seeks to empower businesses and entire markets at a level of macroeconomic engagement.
Following this award, BitPesa who recently acquired Europe’s TransferZero, will be at the World Economic Forum Annual Meeting of the New Champions in Tianjin, China from September 18-20, 2018 and their CEO, Elizabeth Rossiello, will be attending the Annual Meeting in Davos, in January 2019, where she has previously spoken about blockchain, regulation and development in frontier markets like Africa.