In a huge success for Easy Crypto, the crypto exchange from New Zealand sealed a $12 million Series A funding round. On 6th October, the crypto exchange made the announcement formally in a press release. Experts around the world are looking at this funding round as major progress for Easy Crypto.
Here’s a list of all the firms that made this Series A funding round possible:
- Nuance Connected Capital (leaders)
- GDP Venture (Indonesia based)
- Hutt Capital
- Seven Peaks Ventures
- Icehouse Ventures
- Even Capital
Easy Crypto has said in a recent announcement that they will use the money raised to expand their business into new countries and continents. As per claims, the funding round was oversubscribed by nearly 50%. Easy Crypto made a few more important highlights in their press release. They have a particular focus on countries from Southeast Asia. As of now, Easy Crypto has a very strong presence in Australia, South Africa, the Philippines, and New Zealand.
Easy Crypto lets users transact in more than 150 cryptocurrencies. The firm has already made a name for itself in New Zealand’s crypto space. Founded 3 years ago, the crypto exchange run by Janine and Alan Grainger, who are siblings, saw a fivefold increase in the number of people using the platform.
Janine Grainger is reportedly very optimistic about closing this funding round. Their aim is to make crypto more accessible in every corner of the world and educate people about it.