Share this article
$9 Million: Bitcoin Startup Luno Completes Series B Funding
Bitcoin wallet startup Luno has raised $9 million in new funding as part of a Series B round announced today.
By Stan Higgins
Updated Sep 13, 2021, 6:56 a.m. Published Sep 19, 2017, 8:00 a.m.
Bitcoin wallet startup Luno has raised $9 million in new funding as part of a Series B round.
Announced today, the round was led by Balderton Capital, a London-based VC firm that has invested in startups like Revolut, which launched cryptocurrency services earlier this year. As part of the deal, Balderton partner Tim Bunting will join Luno's board. Other contributors to the round include AlphaCode and Digital Currency Group.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Luno was originally founded in 2013 as BitX, but rebranded in January. At the same time, the startup also announced that it had joined the regulatory sandbox supervised by the Financial Conduct Authority, one of the U.K.'s financial markets regulators.
In statements, the startup said that it would use the funds to continue developing its mobile app and services, as well as expanding to new markets.
Advertisement
"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," said Marcus Swanepoel, Luno's co-founder and CEO.
Luno currently serves customers in Indonesia, Malaysia, Nigeria, South Africa and the U.K.
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Luno.
Man and coins image via Shutterstock
Больше для вас
Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch
When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
Что нужно знать:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.
Top Stories
