Cryptocurrencies
Crypto Hedge Fund Pantera Enters Africa With Valr Exchange Backing
- VALR.com is the biggest Africa-headquartered crypto exchange
- Cryptocurrencies are booming in Nigeria and South Africa
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Pantera Capital backed African crypto exchange VALR.com in its latest funding round, valuing the company at $240 million in the U.S. group’s first foray into the continent.
VALR.com raised $50 million, the largest amount by a crypto firm in Africa to date, according to Chief Executive Officer Farzam Ehsani. The money will be used to expand operations in Africa and India, he said.