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​BitX raises USD 4 million in Series A funding

Team Luno
1 minute read

We are excited to announce our USD 4 million Series A funding round led by the Naspers Group, through their payments subsidiary PayU. Our existing investor, Barry Silbert's Digital Currency Group, also participated.

Over the past 12 months we’ve seen incredible growth and engagement across the markets we operate in, and we now have the largest emerging market footprint of any cryptocurrency company, with our platform available to over half a billion consumers spread across key markets in Southeast Asia and Africa.

Naspers backs some of the most successful internet companies of our time. With their unrivalled experience and networks in all the major high growth markets around the world, we couldn’t have wished for a better partner to continue this exciting journey.

This funding round also allows us to expand into other markets, launch exciting new products and leverage the Naspers Group’s global network to help drive large-scale cryptocurrency adoption.

We're hiring, so if you’re an exceptional candidate looking to join a bright and ambitious team who are pushing the boundaries of technology and finance, get in touch.

Last and certainly not least, a big thanks to all our loyal BitX customers around the world - you all help us go from strength to strength. As always we’re super excited to continue working hard to give you the best Bitcoin experience in the world.

You can download our full press release here (PDF).

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Team Luno

The Luno blog conveys the views of Luno and the people within our team. We will never provide financial or any other form of advice. We urge you to conduct your own research before purchasing or trading any cryptocurrencies. Always be aware of the sometimes volatile nature of the market, and never trade with funds that you cannot afford to lose.

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