Luno , a bitcoin wallet and exchange based out of Singapore, is riding the crypto wave into Europe after it closed a $9 million Series B round for market expansion.
The funding was led by new investor Balderton Capital, with participation from existing backer Digital Currency Group. South Africa’s AlphaCode — also a new arrival on the cap table — joined the deal which takes Luno, which was formerly called BitX, to $13.8 million raised to date.
Major league investor Naspers, another that hails from South Africa, led a $4 million investment in June 2015.
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. In South Africa, in particular, Luno has worked with the likes of Pick N Pay while it was among the first batch let into the FCA’s Regulatory Sandbox in London last year.
Full story at http://tcrn.ch/2w8O0B7
Source: TechCrunch
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