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BitX extends funding Series A to include Southeast Asia company

Wednesday 9 December 2015 10:30 CET | News

Bitcoin exchange and wallet provider BitX has extended its Series A round to include undisclosed funding from Southeast Asia-based Venturra Capital.

According to BitX, the funding will be invested in recruitment and product development, as well as expanding the service beyond its current target consumers in markets including Indonesia, Malaysia, Nigeria and South Africa.

BitX had previously raised USD 4 million in July 2015 in a round led by Naspers Group and including Digital Currency Group (DCG). That funding followed a USD 824,000 deal in August 2014 that included Ariadne Capital, DCG and angel investor Carol Realini.


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Keywords: Bitcoin, mining, cryptocurrency, digital currency, online payments, online security, online transactions, BitX
Categories: DeFi & Crypto & Web3
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Countries: World
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DeFi & Crypto & Web3