South African cryptocurrency platform Revix raises funding
Cape Town-based cryptocurrency investment platform, Revix, with offices in Cape Town and London, has raised R58.5 million (about $4 million) in off-shore capital funding.
Founded in 2018 on the principle that everyone should be able to invest their own money and become their own wealth manager, the business’ customer growth has mirrored the exponential rise in the cryptocurrency market which is valued at over $2 trillion.
The capital will be used to launch Revix’s mobile application, a variety of fourth industrial revolution (4IR) investment opportunities, and for expansion to the European Union. Locally, the funding will allow for the creation of more than 30 additional South Africa-based jobs.
“We aim to blur the lines between investing in traditional asset classes, such as stocks, as well as the emerging alternative investment sectors, such as AI, biotech, 5G, esports and cryptocurrencies,” said Sean Sanders, CEO and founder of Revix. “We want to empower everyday people to safely invest in emerging themes, technologies and asset classes in an effortless way.”
Are you seeking private equity or venture capital investment to grow your company? Africa Private Equity News now offers you the opportunity to connect with investors backing African businesses. Contact us at editor@africaprivateequitynews.com for our rate card and more information.