secure product and to engage with regulators globally. Dominique Collett, senior investment executive at Rand Merchant Investments added: Luno has a high quality team in the rapidly evolving, highly disruptive bitcoin industry. It puts you back in control of your money. Its true financial freedom, like the internet, no single entity controls Bitcoin. We look forward to working with all the key stakeholders in South Africa to grow this industry in a responsible manner where the benefits of this new technology can be realised by all. It can be cheaper, faster and easier to use than ordinary money. This partnership will enable iota bitcoin us to unlock more value for our customers in South Africa by providing products that are safe, easy to access and use, and all in a regulatory compliant manner. The products these backers are throwing their weight behind include a bitcoin wallet for storing crypto currencies, an exchange for buying them and merchant services that enable banks and retailers to work with bitcoin.
Get Started, heres what our customers have to say. Over the past few years, weve seen strong growth in digital currency awareness and adoption across both the consumer and institutional markets in South Africa. It has simplified my online transactions and cut down on the transaction fees. Were excited to partner with our new investors as we accelerate our business across Europe and the rest of the world, said Marcus Swanepoel, Luno CEO. Read: 5 ways South Africans can get involved with and make money from blockchain and Bitcoin technology. From local payment methods to customer support in many different languages, we make your Bitcoin experience the best one. Built for you, people love our easy-to-use products. Luno will also be hiring across all three their main hubs in London, Singapore and Cape Town.
Rand Merchant Investments, through its fintech investment arm, AlphaCode, and existing investors Digital Currency Group also participated in the round. Swanepoel continued: Were very excited to partner with Rand Merchant Investments; an experienced and respected financial institution. In South Africa, in particular, Luno has worked with the likes. Bitcoin has been a tear this year, with the cryptocurrencys value against the.S. Luno is trusted, were early industry pioneers and have been around since 2013, successfully processed more than a billion dollars in transactions and have happy customers in over 40 countries.
Claire S, luno is very simple, client-friendly and ergonomic, I like it! South Africas AlphaCode also a new arrival on the cap table joined the deal which takes Luno, which was formerly called BitX,.8 million raised to date. Balderton Capital, with participation from existing backer Digital Currency Group. Learn more about Bitcoin and Ethereum on our.
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