Pesabits provides global investors and the African diaspora access to high-growth, dividend-paying blue-chip stocks across African emerging markets. The mobile-first platform enables seamless investment into Africa's fastest-growing companies from anywhere in the world. This service facilitates wealth building by connecting international capital with strong African market opportunities.
Funding
Funding not disclosed
Founders
Product
Problem
Many cryptocurrency holders in Africa lack access to traditional credit facilities, as banks often require collateral in the form of land title deeds or vehicle logbooks, excluding digital assets. This limits their ability to leverage their crypto holdings for immediate financial needs without selling.
Solution
Pesabits offers a crypto-backed lending platform that allows users in Africa to secure loans in local currency (Kshs) using their cryptocurrency assets as collateral. Users deposit their crypto assets as collateral and receive a loan, with the ability to withdraw their crypto upon repayment. Pesabits also provides a crypto payment gateway that enables businesses to receive payments in cryptocurrency, which are then converted to Kshs and sent to the business's paybill account. Additionally, users can invest as little as Kshs 50 on the platform and earn weekly interest by contributing funds that are lent to others.
Target Audience
The primary target audience includes cryptocurrency holders in Africa seeking access to credit, businesses looking to accept cryptocurrency payments, and individuals interested in investing small amounts to earn interest.
Features
- Crypto-backed loans in local currency (Kshs) using a variety of cryptocurrencies as collateral (ADA, BNB, BTC, DAI, DOGE, ETH, LTC, SHIB, SOL, TRX, USDC, USDT, XRP).
- Crypto payment gateway for businesses to receive cryptocurrency payments, automatically converted to Kshs.
- Investment opportunities starting from Kshs 50, with weekly interest earnings.
- Online accessibility for loan applications and management.
- 7-day grace period for loan repayments.
- 1% weekly interest rate on loans.
- No penalties for early loan repayment.