Luno expands to Europe and draws in R120m funding

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Cryptocurrency exchange Luno has announced that it will be expanding to 35 new markets throughout Europe today.

The news comes off of the back of what can only be described as a successful Series B funding round led by venture capital firm Balderton Capital out of London.

Local fintech club AlphaCode and Digital Currency Group also particpated in the funding round helping Luno reach R120 million in Series B.

This expansion into Europe means that Luno is now operating in 40 countries around the world, including South Africa.

“In Europe we’ve seen an unprecedented demand, not just for digital currency, but also for our high-quality, secure and very user friendly products, in particular the Luno mobile apps,” Luno chief executive officer Marcus Swanepoel said in a statement.

The funding will be used to refine Lunos product and bring “a number of exciting features to market”. What these features are is anybody’s guess at this stage but we’re hoping that means Bitcoin Cash is coming soon.

As part of the expansion the crypto exchange is now hiring in Cape Town, London and Singapore and if you fancy a job in an exciting, ever evolving sector of technology you can head here to find out more.


Brendyn Lotz

Brendyn Lotz

Brendyn Lotz writes news, reviews, and opinion pieces for Hypertext. His interests include SMEs, innovation on the African continent, cybersecurity, blockchain, games, geek culture and YouTube.