South Africa’s Crypto Startup, CentBee, Raises $1 Million to Scale Cross-Border Bitcoin Remittances

The startup's expansion will be driven from its offices in South Africa. The startup has processed 35,000 remittance payments into Africa so far. The product has over 50, 000 customers on the CentBee wallet.

Centbee, a South Africa/ UK blockchain payments company, has closed $1 million in pre-Series A funding led by Calvin Ayre, founder of Ayre Ventures.

“My faith in Centbee has been rewarded through Angus and Lorien’s ongoing commitment to making Bitcoin – the original protocol in the form of BSV – easily usable and accessible to everyone,” Ayre said.

The startup’s expansion will be driven from its offices in South Africa, in addition to London, where it is headquartered. The startup has processed 35,000 remittance payments into Africa.

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