After scoring an additional investment of US$9 million in a round of funding led by London-based venture capital firm Balderton Capital, South African bitcoin exchange Luno is ready to expand further into European markets.

This follows Luno’s US$4 million Series A round in 2015, which was headed by Africa’s largest media company, Naspers. Other firms involved in the funding include South African-based AlphaCode (the fintech investment arm of Rand Merchant Investments) and the Digital Currency Group.

According to an AFKInsider report, Luno is set to be deployed in an additional 35 European markets, bringing its total number of territories to 40. Luno CEO Marcus Swanepoel, says: ‘Enabling more people in Europe to have access to these products and services is a critical part of our mission to bring digital currencies to everyone, everywhere – and in a way that makes everyone’s journey into the world of digital currency safe, super easy and highly enjoyable.’

10 October 2017
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