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.