BitX 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,