Monday, September 22, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Cryptocurrency

VALR, a South African cryptocurrency exchange, has raised $50 million in Series B funding to expand across Africa

Tech Gist Africa by Tech Gist Africa
03/06/2022
in Cryptocurrency, Funding, News - South Africa, Venture Capital
0 0
0
VALR South Africa

VALR South Africa

0
SHARES
Share on FacebookShare on Twitter

VALR, a South African cryptocurrency exchange, has acquired a US$50 million Series B funding round, valuing the company at US$240 million.

Pantera Capital led a $50 million Series B fundraising round that was oversubscribed, with participation from Alameda Research, Cadenza, CMT Digital, Coinbase Ventures, Distributed Global, GSR, Third Prime, and Avon Ventures, as well as existing backers Bittrex and 4Di Capital and others.

VALR is a digital asset platform that was launched in 2019 that allows clients to buy, sell, store, and transfer Bitcoin and 60 other cryptocurrencies, the most of any platform in Africa, in a simple and secure manner.

Over 250,000 retail users and 500 institutional clients from around the world use it, and it has processed over US$7.5 billion in trading activity.

“The financial tools available to society should be used to bring us together, not to divide us.” That’s why I’m ecstatic that VALR is assisting in the development of a financial system that recognizes humanity’s oneness. “There is no longer any debate about the influence crypto assets are having on our global financial system,” stated VALR CEO and co-founder Farzam Ehsani.

“We already assist VALR’s customers in entering the new world of crypto from the existing financial system using their USD or ZAR, and I’m really excited that this round of funding will enable us to serve so many more people across Africa and the world.”

The funds will be used to expand across Africa and into other emerging markets such as India, as well as to provide more products and services to VALR’s growing worldwide customer base.

 

Read more on Tech Gist Africa:

Jambo, a Congo-based Web3 app developer, has raised $7.5 million in a seed round.

UCOOK, a South African meal kit delivery service, has been acquired by Silvertree Holdings for US$12.3 million

Flutterwave, a Nigerian fintech company, raises $250 million in Series D funding, bringing its value to over $3 billion

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

The Invigilator South Africa
Funding

The Invigilator, a South African ed-tech startup  Raises $11 Million to Transform Remote Exam Monitoring

by Tech Gist Africa
09/12/2025
0

South African ed-tech startup The Invigilator has closed an $11 million funding round (about ZAR 195 million) to scale its...

Read more
Alibaba China

Alibaba Group Holding announced plans to raise about US$3.2 billion

09/11/2025
Intella Egypt

Intella, an Egyptian startup Scores $12.5M Series A to Power Arabic Speech AI Across MENA

09/11/2025
Stratech South Africa

StraTech Secures Strategic Investment to Expand Enterprise Fintech Infrastructure Across Africa

09/05/2025
REdimension Capital South Africa

REdimension Capital Secures $13.8 Million to Transform South Africa’s Proptech Landscape

09/04/2025
Next Post
Nigeria Air

Nigeria Air has finally announced a launch date

Sustainability Green Energy Tech Gist Africa

IBM announces the launch of its Sustainability Accelerator

m-kopa Kenya

M-KOPA, a Kenyan pay-as-you-go energy company, has raised $75 million in funding to expand its platform for the unbanked

No Result
View All Result

The Big 5

Gitex Nigeria 2025

Nigeria’s Digital Moment: Key Takeaways from GITEX Nigeria 2025

by Tech Gist Africa
09/11/2025
0

...

Itana Nigeria

Itana Opens Applications for Digital Residency Launchpad

by Tech Gist Africa
09/11/2025
0

...

Africa’s Business Heroes 2025

Africa’s Business Heroes Names 20 Finalists for $1.5M 2025 Prize

by Tech Gist Africa
09/11/2025
0

...

Innovation Process

Djezzy Launches Open Innovation Challenge 2025 to Drive Inclusive Digital Transformation in Algeria

by Tech Gist Africa
09/11/2025
0

...

Temidayo Isaiah Oniosun Nigeria

Temidayo Oniosun Launches Nigeria’s First Egusi Seeds to Space

by Tech Gist Africa
09/11/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.