A South Africa based cryptocurrency exchange, Valr has just raised $3.4 million in a Series A funding round led by 100x Group, the parent company to Bitmex.
The funding round, in which 4Di Capital also participated, however, does not change Valr’s controlling shareholder structure.
In a podcast with SA Crypto, Valr CEO, Farzam Ehsani explains the significance of getting the funding at a time when investor mood has been dampened by the effects of the global pandemic, Covid-19.
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https://news.bitcoin.com/south-african-exchange-valr-raises-3-4-million-in-a-series-a-funding-round/