Large financial companies like PayPal and VISA have blacklisted entire African countries, making it extremely difficult for average Africans to transact legitimate business online. Banks and money transfer services like Western Union also slap on huge charges on even the smallest transactions.
Starting in Ghana and Nigeria, Kitiwa helps ordinary Africans send and receive money, cheaply, instantly, using the bitcoin technology.
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This venture has not initiated a round of financing on this platform. If they choose to, the summary of the fundraising round will appear to registered investors here.