VALR, one of South Africa's largest crypto exchange by trading volume, has secured 57 million rands (around $3.4 million) in a recently closed Series A funding round.
Announced on Tuesday, the round was led by 100x Ventures, the investment arm of newly created BitMEX's parent 100x Group, along with participation from South African venture capital 4Di Capital. Existing investors of the exchange including Bittrex and Michael Jordaan, former CEO of FirstRand's First National Bank, also extended their support in the latest funding round.
