VALR, a South African crypto exchange, has recently been making waves and seeing impressive growth in recent months.
The crypto exchange has continued to grow its crypto listings and release continuous updates on its products and services.
Below are just some of its recent milestones and achievements:
- Raising $3.4 million Series A led by BitMEX Holdings
- Labelled a ‘high-growth startup’ by Google
- 4x Increase in signups in July 2020 alone
- Surpasses Luno monthly Bitcoin trading volumes
- Immediate withdrawals to any bank at any time
- Exploring margin trading in Africa with support from BitMEX
We just got contacted by Google saying that we appeared on their dashboards as a "high-growth startup" based on Google trends.
Very exciting for us and all we can think of is how grateful we are to you, our customers.
— VALR (@VALRdotcom) July 29, 2020
The above stats clearly put VALR as the leading crypto exchange in South Africa and one of the fastest growing on the African continent.
VALR was the first company in South Africa to use and attract a financial instrument called ‘Simple Agreement for Future Equity’ to raise for its seed round. This means the share certificate for equity would be issued down the line. The recent Series A round simply triggered the conversion of the instrument into shares.
The recent company raise will go into building new products and services and expanding into new territories. In addition, the company plans to grow its team in the process.
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