South African Crypto Investment Platform, Revix, Raises $4 Million and Gets Accepted into Berkeley Blockchain Xcelerator

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Revix, a Cape Town-based crypto investment platform, has raised $4 million (R58 million) in off-shore capital funding.

The latest funding round is expected to help the startup expand its business model and launch its mobile app while further expanding its South African team.

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SEE ALSORipple and Bitcoin SV-based Startups Get Added onto the South African Regulatory Sandbox to Test Crypto Assets Regulation

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Revix claims to be the first South African investment platform that offers a behavioural loyalty and rewards programme, where customers can earn points that can be redeemed for Bitcoin.

Speaking about the new investment and the startup’s mission, Sean Sanders, CEO, Ravex, said:

“We aim to blur the lines between investing in traditional asset classes, such as stocks, as well as the emerging alternative investment sectors, such as AI, biotech, 5G, eSports, and cryptocurrencies.

We want to empower everyday people to safely invest in emerging themes, technologies, and asset classes in an effortless way.”

We’re building a behavioural loyalty model that incentivises investors to undertake smart investment decisions, such as diversifying their investment portfolios, growing the investment community, improving their financial knowledge, and making smart long-term investment decisions, while being rewarded for doing so.”

                    – CEO, Ravex

Revix has also gained global recognition by being the only South African fintech to be accepted into the prestigious 6-month Berkeley Blockchain Xcelerator.

Speaking about the reason Revix was chosen to participate in the global accelerator, Jocelyn Weber, Director, X-Labs and Berkeley’s Blockchain Xcelerator, said:

“The accelerator is renowned for partnering with businesses that target global societal challenges by using novel technologies. Revix has created a platform that has the potential to break down the barriers to access within this alternative investing space.”

                         – Director, Berkeley Blockchain Xcelerator                         – 

Revix has also been slected for the Qatar Fintech Hub (QFTH) Incubator and Accelerator Wave 2 Programmes.

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RECOMMENDED READING: ICE3X, One of the Oldest Crypto Exchanges in South Africa and the Continent, Shuts Down Operations Due to Low Liquidity

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