Luno secures $9m Series B funding round led by Balderton Capital


Bitcoin solution platform Luno has secured a $9m Series B funding round led by Balderton Capital.

Other backers to the round include AlphaCode, Rand Merchant Investment Holdings and Digital Currency Group.

Luno’s products make it easier, cheaper and safer for people and businesses to buy digital currencies. The platform offers a digital currency wallet and a bitcoin exchange which gives real-time market information, enable mobile trading, depth liquidity indicators, API access for automated trading and fast bank deposits and withdrawals, among others.

With the company’s API gives users are able to build customer applications or integrate payments with the API.

This round of funding will be used to help make it easier for users to buy, store and learn about digital currencies by improving the user experience. The capital will also be used to help double Luno’s team of 70, with new staff needed for engineering and product, business development, customer support and compliance teams in its London, Singapore and Cape Town offices.

The company has also launched its platform into several new European markets, which brings the platform available to people from 40 countries around the world.

Total funding into the company has now reached around $13m, with the company’s $4m Series A, which was led by Naspers and Venturra Capital, closing in 2015.

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