London based cryptocurrency advisor Luno has raised $9m in Series B funding led by Balderton Capital. Luno makes it safe and easy for people and businesses to store, buy, use, and learn about Bitcoin.
The products these backers are throwing their weight behind include a bitcoin wallet for storing crypto currencies, an exchange for buying them and merchant services that enable banks and retailers to work with bitcoin. In South Africa, in particular, Luno has worked with the likes of Pick N Pay while it was among the first batch let into the FCA’s Regulatory Sandbox in London last year. Luno said the money will go towards bringing those services to 35 new countries in Europe. The company — which has offices in Singapore, Cape Town and London — 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.