South Africa based Crypto-trading platform, Revix has secured R11-million from an undisclosed firm. We only know that the firm is listed on the Johannesburg Stock Exchange (JSE). They are set to go live next month with the trading platform. The company was launched last year by Louis Buys and Sean Sanders, who previously worked at Sabvest, an investment firm.
Sanders said the platform will make it easy for the common investor to invest in cryptocurrency funds. “A lot of people want to invest in crypto but they don’t know how to do it.” He said the platform will target retail and institutional investors, and will also permit investors to invest in token offerings that are backed by real world assets like; Wine.
See Also: Nokia 5.1 Plus Smartphone Now Available In South Africa
He said the name of the JSE-listed firm will be revealed at the launch on March 15. The JSE listed company is an investment house that has been listed in JSE since 1988. The company has taken 30% equity in Revix and in return invested R11 million in the form of; dollars, rand and pounds. The various currency denominations will allow the platform exist in the UK and trade in London too.
Sanders said his startup has offices in Salt River and London, eight developers and one marketing person. Two of the developers are based in London.
More on TechGist Africa: