VALR wins USD 50 million in Africa’s largest-ever Crypto funding round.

March 7, 2022

VALR is a crypto exchange company allowing customers to buy, sell, store, and transfer Bitcoin and 60 other cryptocurrencies quickly and securely. It contains Africa’s widest cryptocurrency selection, with some of the lowest fees in the world. VALR has processed a trading volume of above USD 7.5-billion since its launch in 2019. It currently serves above 250,000 retail customers and 500 institutional clients worldwide.

The South African company wins USD 50 million in Africa’s largest-ever Crypto funding round. The company will use the funding to bring products and services to its growing global customer base and hire its team across all areas. The company aims to expand across Africa & India and help customers convert from the old financial system to the new using their USD or ZAR.

VALR intends to collaborate with more traditional financial institutions such as the largest banks, insurers, and hedge funds, to facilitate their entrance into the crypto market by providing them with the necessary infrastructure.

Farzam Ehsani, VALR CEO and co-founder, stated that the world is on the precipice of substantial financial change, and Crypto assets will become more and more pivotal to all our lives. He added saying that VALR is helping to build a financial system that recognizes the oneness of the human race. There is no longer any room for doubt regarding crypto assets’ impact on our global financial system.

You May Also Like…

Dinaw Mengestu

Dinaw Mengestu

All Our Names (Knopf, 2014), How To Read the Air (Riverhead, 2010), and The Beautiful Things That Heaven Bears (Riverhead, 2010) are Dinaw Mengestu's three books, all of which were named New York Times Notable Books (Riverhead, 2007). Mengestu is an Ethiopian native...