According to Marius Reitz, Luno’s General Manager for Africa, it took 5 years for Luno to build a base of its first one million customers in 2017.
“Luno’s growth has accelerated significantly since then. Our top two regions – South Africa and Nigeria – illustrate the high demand for crypto in emerging markets.”
– Luno, General Manager, Africa
Indonesia reported customer growth of 83% and almost double the number of customers in the region over the past year.
Luno has an ambitious mission of getting crypto to over 1 billion people by 2030, and for Marcus Swanepoel,CEO, Luno, the latest milestone is a positive step:
“There are an estimated 300 million people using crypto worldwide as of March 2022 – a figure that is expected to grow as global markets gain better access to the crypto ecosystem.
Luno aims to bring crypto to over one billion people by 2030, so reaching 10 million customers is an important milestone which supports a transition towards building a better, more fair financial system.”
– Co-Founder / CEO, Luno
The milestone announcement comes after the company launched Luno Expeditions, its global, early-stage investment arm created to support the best fintech and crypto/web3 founders.
Luno also added two more cryptocurrencies to its platform:
Chainlink ( $LINK )
Uniswap ( $UNI )
Luno is headquartered in London with over 800 employees across offices in London, South Africa, Malaysia, Indonesia, Nigeria, and Singapore, which is up 89% in the last year alone.