Luno

cryptocurrencyexchanges/trading platform

FOUNDING YEAR:
LOCATION: Canada
Last Update: 17/07/2020

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive WhatsApp community where you can engage in discussions with global industry experts!

About

Official Twitter account of Luno. We make it safe and easy to buy, store, and learn about #crypto. Tweet @LunoHelp for customer support.

MEDICI Analysis

Luno is a provider of digital currency products and services which is designed to empower people to buy or exchange everywhere. Luno provides an e-wallet for storing, converting and transacting bitcoin. The bitcoin exchange connects bitcoin buyers and seller at a single platform for buying and selling the currencies .The bitcoin API allows users to build custom applications and enables users to to buy, store and learn about bitcoin and other cryptocurrenices.

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.

Traction

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)

People

FOUNDERS

Marcus Swanepoel

Carel van Wyk

Timothy Stranex

Pieter Heyns

BOARD MEMBERS AND ADVISORS

James Caviness

NUMBER OF EMPLOYEES

1-10

INVESTORS:

AlphaCode

Ariadne Capital

Balderton Capital

Bitcoin Opportunity Corp.

Digital Currency Group

Naspers

Rand Merchant Investment Holdings

Venturra Capital

KEY EMPLOYEES:

Mriganka Pattnaik (Growth

Business Developer)

Vijay Ayyar (Head of Business Development)

Momentum

FUNDED

YES

TOTAL FUNDING

$13.8 M

DATE OF LAST FUNDING

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 M  · Dec 2015

SERIES B  · $9 M  · Sep 2017

LISTED

NO

Join the exclusive global FinTech community

Be a part of the global FinTech community on WhatsApp