South Africa's Coindirect Raises €1m Seed Round Led By Concentric

South Africa's Coindirect Raises €1m Seed Round Led By Concentric

    Funding
    Press Release

Coindirect, the global cryptocurrency platform, has raised €1m in an investment round led by Concentric, with participation from Blockchain.com, and MakerDAO. The end-to-end cryptocurrency platform, founded by Donald Jackson, Jesse Hemson-Struthers, Nicholas Haralambous and Stephen Young, is one of the first of its kind to enable customers to trade cryptocurrencies like Bitcoin and Ethereum using their own local currency in the emerging markets. Coindirect was founded on the belief that cryptocurrency is the enabling tool that will change the way people engage with and use money. Realising that emerging markets have largely been ignored by existing cryptocurrency services, the founders set out to bring widespread cryptocurrency adoption to people in these regions, which they believe can benefit the most from its decentralised approach to finance. The four founders bring diverse entrepreneurial and institutional experience to the business... }

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