Singapore Crypto Platform BitX Receives Additional Funding
BitX, a Singapore-based, global cryptocurrency platform, has raised an undisclosed sum of funding from Venturra Capital, a Jakarta-based venture fund. Venturra joins an investor group that includes Barry Silbert's Digital Currency Group and The Naspers Group, a South Africa-based global platform operator and investor. BitX raised $4 million USD in July in its series A round, according to techinasia.com. Naspers Group and the Digital Currency Group led the round. Bitcoin Wallet And Payment Solutions. BitX provides mobile wallets, institutional quality exchanges and APIs for business....
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Bitcoin exchange and wallet provider BitX has extended its Series A round to include undisclosed funding from Southeast Asia-focused VC firm Venturra Capital. According to BitX, the funding will be invested in recruitment and product development, as well as expanding the service beyond its current target consumers in markets including Indonesia, Malaysia, Nigeria and South Africa. BitX declined to release the size of the funding, but stated that the capital was secondary to bringing Venturra Capital on as an investor. "With our lean structure and very low cost base, the funds we have....
Emerging market-focused bitcoin services firm BitX has completed a SGD$1m ($824,000) seed funding round. Investors include London-based Ariadne Capital, Barry Silbert's New York-based Bitcoin Opportunity Corp (BOC) and Palo Alto-based financial innovation investor, Carol Realini. BitX CEO Marcus Swanepoel told CoinDesk the funding would help the Singapore-based firm accelerate its business, furthering international expansion of its wallet and exchange services, assist with merchant acquisition and help the company develop some new products it has in the pipeline. Silbert praised the BitX....
Singapore-headquartered Bitcoin exchange BitX, which already has offices in Cape Town and Jakarta, has launched operations in Nigeria. BitX provides a bitcoin wallet, an exchange, merchant integration and APIs to businesses and consumers across the world. It has built up a sizeable presence in Southeast Asia and Africa. The launch will allow Nigerians to buy or sell bitcoin instantly using Nigerian naira for the first time through the mobile BitX Wallet on iOS and Android. They will also be able to trade bitcoin, and use the BitX API to develop their own bitcoin products. BitX CEO Marcus....
Singapore-based Bitcoin wallet, trading service provider, and merchant payment processor BitX has secured a round of funding from Southeast Asia-focused venture capital firm Venturra. Previously, the startup raised US$4 million from prominent Btcoin angel investors including Barry Silbert, as well as tech conglomerates such as South African media company Naspers. With the new financing, BitX will focus on expanding its team and recruiting talents across Asia to enter new markets. "We've seen some really strong growth over the past three months, so having additional cash to help drive these....
Bitcoin platform BitX recently received additional funding of $4 million and declared that it would be open to increased regulation in exchange. According to Werner van Rooyen, BitX business development officer, this could potentially enhance the reliability of its services as well as the reputation of bitcoin. The cryptocurrency has still been mired in a lot of controversy, following its prevalent use in criminal underground dealings in the now-defunct Silk Road and its involvement in online ransomware attacks. After all, the bitcoin network is decentralized, with no monetary authority or....