BitX Has Been Awarded $4 million in Series A Funding


bitxBitX is delighted to report their $4M Series A funding round led by the Naspers Group, through PayU (Naspers Group’s payment subsidiary). Also in participation at the round, was their long term investor, Barry Silbert’s Digital Currency Group.

Major growths and engagements have been experienced across the markets BitX operate in over the past 12 months, and as a result, their platform is now available to more than half a billion consumers – cut across strategic markets in Africa and Southeast Asia. As a result, BitX now has the biggest market footprint of any cryptocurrency company in the world.

In line with BitX vision, it is imperative that they raise more capital from quality partners so as to facilitate this growth and continue to deliver on objective of making available high-quality Bitcoin products and services to our customers. Naspers has a rich history of backing some of the most successful internet companies of our generation and with their level of expertise, experience and networks in every strategic high-growth markets across the globe, we feel privileged to partner them on this exciting journey.

This funding round gives them the impetus to spread their tentacles across new markets, launch some exciting new products and holistically leverage the Naspers Group’s widespread worldwide network to spur a large-scale adopt of cryptocurrency.

So if you are a talented individual looking to be part of a goal oriented, focused and ambitious team who are defining the boundaries of finance and technology, then you can apply, as BitX is hiring.

Finally, BitX says a big thank you to all of their loyal and esteemed customers across the world without them, there is no BitX.

Image from BitX Website and Shutterstock.