In the largest crypto Series B funding round held in Africa to date, the crypto exchange firm VALR raised $50 million. <a href="https://www.cryptoknowmics.com/news/bitcoin-will-rally-soon-according-to-pantera-capital/">Pantera Capital</a>, <a href="https://www.cryptoknowmics.com/news/alameda-research-admits-to-buying-a-lot-more-bitcoin-under-30000/">Alameda Research</a>, <a href="https://www.cryptoknowmics.com/news/coinbase-shares-fourth-quarter-and-full-year-2021-earnings-report/">Coinbase Venture</a>, Avon Ventures were among the firms that join investors including crypto exchange <a href="https://www.cryptoknowmics.com/news/pkt-cash-unused-bandwidth-monetization-protocol-announces-bittrex-listing/">Bittrex</a> and 4Di Capital. Earlier, the firm has raised $3.4 million in Series A funding in 2020. 

https://twitter.com/VALRdotcom/status/1498523647459397635

Launched in 2019, VALR posted volumes creating for themselves a leading platform for bitcoin-rand transactions. The exchange claims that to date they have processed more than 7.5 Billion USD in trading activity. The crypto firm also boasts of its 2,50,000 retail consumers and 500 institutional international clients. 

The objective of VALR after the fresh funding is to expand their firm across Africa and into the Indian marketplace as well. It plans to adopt traditional financial institutions - banks, insurers, hedge funds.

VALR Secures $50 Million In African Crypto Raise

In the largest crypto Series B funding round held in Africa to date, the crypto exchange firm VALR raised $50 million.

Priyanka is an active crypto enthusiast. Having graduated with a BA in Journalism and Mass Communication, she is a passionate content writer with a strong understanding of financial content. She has been writing on crypto and blockchain-related topics for the last three years and is an active trader.

VALR Secures $50 Million In African Crypto Raise

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