South African cryptocurrency exchange Valr announced recently that it has raised $ 50 million in a Series B round led by Pantera Capital. The capital raise means Valr is now valued at a reported $ 240 million. Funds Raised to Finance Valr’s Expansion Into Other Markets The South African cryptocurrency exchange, Valr, recently announced that it raised $ 50 million in a Series … [Read more...]
South African Mobile Network Operator MTN Buys Land in the Metaverse
Mobile network operator MTN recently staked claim to its status as one of the first South African companies to enter the metaverse, after it purchased 144 plots of digital land in the virtual world Ubuntuland for an undisclosed amount. MTN Seeks to ‘Amplify Consumers’ Digital Experiences’ South Africa’s mobile network operator, MTN, recently bought 144 plots of digital land in … [Read more...]
South African Treasury on Crypto Regulations: Amendments to Relevant Laws to Be Finalized in 2022
The South African Treasury says it expects the amendments to the country’s financial laws — that will see crypto asset service providers being included as accountable institutions — to be finalized in 2022. Aligning Local Laws With FATF Standards The South African Treasury has said it expects the proposals to include crypto asset service providers as accountable institutions … [Read more...]
NFT-Collateralizing South African Startup Raises $5 Million in Latest Seed Round
A South African startup, NFTfi, is reported to have recently raised $ 5 million which the company intends to use for boosting its business of collateralizing non-fungible tokens (NFTs). Cryptocurrency Loan Marketplace According to a Techcrunch report, NFTfi’s $ 5 million capital raise was led by U.S. actor Ashton Kutcher’s Sound Ventures. The other investors that participated … [Read more...]
African Fintech Giant Raises $150 Million in Funding Round Led by FTX, Firm Now Valued at Over $2 Billion
Chipper Cash, one of Africa’s biggest fintechs, recently concluded a Series C extension funding round in which it raised $ 150 million, a report by Techcrunch has revealed. New Investors Participate in Latest Round According to the report, this latest funding round — which was led by Sam Bankman-Fried’s FTX — comes barely six months after the fintech startup Chipper Cash was … [Read more...]
