BitFinance: Revolutionizing Zimbabwe's Fragile Economy with Bitcoin
What is Bitcoin? How does it work? Why is the technology so innovative, and what are Bitcoin’s potential use cases, specifically within Africa? This case describes the potential for Bitcoin to transform and leapfrog traditional banking infrastructure in Africa. Through the lens of Mbwana Alliy, partner at the seed capital fund Savannah Fund, the case tees up the question of which African countries present the best business opportunities for Bitcoin. In addition, the case examines BitFinance, an early stage Zimbabwe-based Bitcoin start-up founded by Tawanda Kembo, Verengai Mabika, and Tawanda Maguze. The case documents the company’s early traction with Bitcoin and explores BitFinance’s key strategic challenges during the company’s first year of operations.