• FOUNDING YEAR: 2013
    LOCATION:
    United Kingdom
    REGION:
    England
    Last Update:
    19 Dec, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Luno provides Luno wallet which allows users to sign up on the web, iOS and android platform and enables them for a easy verification process. Users select bank account, credit card and deposit money option for recharging the Luno Wallet and then users can buy Bitcoin and Ethereum cryptocurrencies as well can store it or send it to any family and friends. Luno exchange provides real time market information, mobile trading on Android or iOS, API access for automated trading, CSV export, trade history reporting and competitive fee structure with market maker incentives.

PEOPLE

FOUNDERS:
Marcus Swanepoel, Carel van Wyk, Timothy Stranex, Pieter Heyns
Board Members and Advisors:
James Caviness
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
Balderton Capital, Digital Currency Group, AlphaCode, Venturra Capital, Naspers, Rand Merchant Investment Holdings, Ariadne Capital, Bitcoin Opportunity Corp.
KEY EMPLOYEES:
Mriganka Pattnaik (Growth, Business Developer), Vijay Ayyar (Head of Business Development)

TRACTION

COMMENT:
The company is plans to double its current headcount of 70 staff to support this new sprint, which takes its services to a total of 40 countries worldwide. (Sep. 2017)

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$13.8 Millions
DATE OF LAST FUNDING:
Sep 2017
TOTAL FUNDING COMMENT:
The company is planning to use the funds for market expansion as well as to make iteasier to buy, store and learn about digital currencies like Bitcoin, in more ways and in more places. (Sep. 2017)
SEED & PRIOR FUNDING:
$801.82 K
SEED CLOSED ON:
Aug 2014
FUNDING SERIES:
SERIES A
$4 Millions Closed: Dec 2015
SERIES B
$9 Millions Closed: Sep 2017
LISTED:
NO

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