#Asia Singapore’s Bitcoin startup BitX raises funding from Venturra Capital

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The firm had raised US$4 million in Series A funding from Naspers Group and Digital Currency Group in July this year

Bitcoin

Singapore-based BitX has announced that it has raised an undisclosed amount in fresh funding from Venturra Capital, a Southeast Asia-focussed VC fund launched by former Rocket Internet and Monk’s Hill Ventures Partner Stefan Jung, Google Indonesia CEO Rudy Ramawy, and Lippo Group Director John Riady.

Also Read: 5 reasons why Bitcoin price has hit a new high this year

The fresh funding round comes five months after BitX raised US$4 million in Series A led by Naspers Group, with participation from Barry Silbert’s Digital Currency Group, in July.

Founded in 2013, BitX is a global cryptocurrency platform that offers mobile Bitcoin wallets, institutional quality exchanges and various APIs for merchant and other business integration. Customers can use the platform for money transfers, buying online, and trading and storing their Bitcoin.

Also Read: New US$150M fund for SEA led by Stefan Jung, John Riady and Rudy Ramawy

With its headquarters in Singapore, the startup has offices in Cape Town and Jakarta.

Jakarta-based Venturra is a US$150 million Southeast Asia-focused venture fund launched by former Rocket Internet and Monk’s Hill Ventures Partner Stefan Jung, Google Indonesia CEO Rudy Ramawy and John Riady, Director of the Lippo Group.

Last month, Venturra led a US$4 million Series A funding round at Malaysia-based service marketplace Kaodim.

The post Singapore’s Bitcoin startup BitX raises funding from Venturra Capital appeared first on e27.

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