Bitcoin pockets startup Luno has raised $nine million in new investment as a part of a Series B spherical.
Announced lately, the spherical was once led by means of Balderton Capital, a London-based VC company that has invested in startups like Revolut, which introduced cryptocurrency services and products previous this yr. As a part of the deal, Balderton spouse Tim Bunting will sign up for Luno’s board. Other individuals to the spherical come with AlphaCode and Digital Currency Group.
Luno was once initially based in 2013 as BitX, however rebranded in January. At the similar time, the startup additionally introduced that it had joined the regulatory sandbox supervised by means of the Financial Conduct Authority, probably the most U.Okay.’s monetary markets regulators.
In statements, the startup mentioned that it could use the finances to proceed creating its cell app and services and products, in addition to increasing to new markets.
“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,” mentioned Marcus Swanepoel, Luno’s co-founder and CEO.
Luno these days serves consumers in Indonesia, Malaysia, Nigeria, South Africa and the U.Okay.
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an possession stake in Luno.
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