Remittances platform Pesabase launches in Kenya
Summary
Kenyan startup KeshoLabs has launched payments and remittances application Pesabase as it works towards its goal of becoming a major blockchain-based fintech platform for Africa. There are currently 1.7 Million South Sudanese in Uganda, 300,000 in Kenya and more than 500,000 scattered across the western world, from America, Australia to Canada,” chief executive officer (CEO) Nhial Majok told Disrupt Africa. The startup, which was founded at the end of last year after raising funding from Aion Network founder Matt Spoke, is planning to roll out a further three products, including crypto exchange Bithela and an e-gaming platform. “In the long run, we expect to work with African governments, NGOs and financial institutions in testing products aimed at leveraging blockchain. Things like digitised land title deeds and tokenisation of assets will move onto blockchain solutions.” Now Pesabase is launched, the plan is to market aggressively to get more business.