TUNL, a South African parcel shipping platform, has secured $ 1 million in pre-seed funding from investors, including Founders Factory Africa, Digital Africa Ventures, E4E Africa, and Jozi Angels. The platform, which claims to help e-commerce merchants save between 50% and 80% on international shipping costs, said the funding will fuel its expansion in its […]
South African Crypto Exchange Valr Raises $50 Million in Series B Funding Round
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 […]
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 […]
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 […]
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 […]