9 Million us dollar Bitcoin Startup Luno Completes Series B Funding


Bitcoin wallet startup Luno has raised $9 million in new funding as part of a Series B round.

Announced under, the yon was led by Balderton Capital, a London-based VC firm that has invested in startups like Revolut, which launched cryptocurrency services earlier this year. As tenderness of the deal, Balderton partner Tim Bunting will join Luno’s board. Backup contributors to the round include AlphaCode and Digital Currency Group.

Luno was originally founded in 2013 as BitX, but rebranded in January. At the like time eon, the startup also announced that it had joined the regulatory sandbox supervised by the Financial Conduct Authority, one of the U.K.’s financial markets regulators.

In statements, the startup articulated that it would use the funds to continue developing its mobile app and services, as well as expanding to new markets.

“Enabling regarding kindred in Europe to essay admittance to these distribute and services is a critical part of our mission to bring digital currencies to everyone, everywhere – and in a way that makes everyone’s journey into the world of digital currency safe, super easy, and highly enjoyable,” said Marcus Swanepoel, Luno’s co-founder and CEO.

Luno currently serves customers in Indonesia, Malaysia, Nigeria, South Africa and the U.K. Bad faith: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Luno.

Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Luno.

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