Founder and Chief Executive Officer of Xapo, Wences Casares is in the country in search of investment opportunities especially in technology firms.
Xapo is a bitcoin wallet start up company based in California which allows people to purchase bitcoins and manage them in a digital wallet.
The technology entrepreneur, who is the largest custodian of bitcoin in the world joined investors in Nairobi to celebrate the Sh4.8 billion joint investment in Kenyan-owned digital payments firm Cellulant by US firms Endeavor Catalyst and Rise Fund.
He is also a global board member of PayPal and Endeavor Catalyst, an organization that promotes high-impact entrepreneurship in emerging markets.
He spoke during an interactive session at the Endeavor Kenya head office in Nairobi where he encouraged entrepreneurs to invest more in technology start-ups.
The 44-year old Argentine noted that he would invest more in Kenya if he found possible ventures. He encouraged local entrepreneurs to focus on the long-term vision as opposed to short-term challenges.
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“My biggest regret is that I have sold startups for billions of dollars. Yes, I got the money but no satisfaction because ultimate satisfaction comes from starting a company and building it to realise the vision for which it was started,” he said.
“Starting a company and selling it is like giving birth to babies in the hope of selling them in future, which is not good,” he added.
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