HomeServicesGlobal Blockchain Investment Firm Acquires Luno

Global Blockchain Investment Firm Acquires Luno

Jumia Black Friday Deals

Digital Investment Group (DCG) is a blockchain investment company that buys, builds, and invests in blockchain company.

The company has acquired Luno – a South African cryptocurrency exchange platform. Since the start of operations in 2013, Luno has built a customer base of over five million people across 40 countries, and it also has about 400 employees in South Africa, London, and Singapore.

Under the directive of the CEO and co-founder, Marcus Swanepoel, Luno found its way to the top very fast. The firm is a digital asset plant in many emerging and established markets. It provided the user with investment tools, knowledge, and digital asset education.

As a company that invests in blockchain startups and firms, DCG first invested in Luno when it started operating in 2013.

‘’We are proud to have supported Luno during its early stage. We are committed to building mission-driven companies that can help transform traditional financial services. Thereby, improving the economic freedom for people across the globe,’’ said Barry Silbert, Founder and CEO of DCG.

Following the acquisition of Luno, the financial terms were not disclosed, but DCG Group states that Luno will continue to function as an independent subsidiary of DCG. Hence, the Leadership of the Luno team, which is led by Swanepoel, will remain in place.

‘’The past seven years have been exciting for us; helping our customers get access to crypto through a reliable and trustworthy platform,’’ says Swanepoel.

‘’Over the years, we have invested in a lot of retail businesses all over the world – including nearly two dozen exchanges. Luno is the first subsidiary that is a wallet and an exchange,’’ says DCG’s chief operating officer, Mark Murphy.

Latest articles

Best October Prime Day Deals: Early Deals

Prepare yourselves, deal-hunters, the second Prime Day event of the year is here. The...

Umidigi Deals on AliExpress 828 Mega Brands Sale

AliExpress 828 Mega Brands Sale of the year is now live. From August 21...

UMIDIGI A15 Series and G5 Series launches Third Quarter

The UMIDIGI A15 Series and the G5 Series are scheduled for an official launch...

Umidigi A15, A15C launches on AliExpress 828 Brands Sale with Giveaway

UMIDIGI has a big announcement as they are about to kick start the worldwide...

More like this

Big Brother Naija Season 8 starts July 23 with MoniePoint as Headline Sponsor

Multichoice has started teasing the return of its most popular reality TV show, the...

MoMo Bill Payment: What it is and why to use it

Payments are a necessity for both individuals and businesses. The need to make payments...

GoodsMart raises $3.6 million in new funding round to extend services to East Cairo

GoodsMart launched in 2014 to reinvent how grocery shopping is done in Cairo, and...