Bitcoin Exchange VALR raises US$3m in Series A funding for launch of new product

SOUTH AFRICA – VALR, a cryptocurrency exchange, has raised ZAR57 million (US$3.4 million) in Series A funding to help it roll out new products and launch in additional markets. VALR allows customers to buy, sell, store and transfer more than 50 cryptocurrencies seamlessly and securely. It now has over 40,000 customers and has seen over 13,000 bitcoins traded over the last month. The round was led by 100x Ventures, the investment arm of 100x Group, with participation from the South Africa-based 4Di Capital and continued support from Bittrex and Jordaan.…

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