Cape Town crypto platform Revix secures R58.5 million in funding


Revix
Photo by Executium on Unsplash

Press Release

Cape Town, 14 April 2021 – Leading cryptocurrency investment platform, Revix, with offices in Cape Town and London, has raised R58.5 million in off-shore capital funding – showcasing the attractiveness of cryptocurrency investment in South Africa.

Founded in 2018 on the principle that everyone should be able to invest their own money and become their own wealth manager, the business’ customer growth has mirrored the exponential rise in the cryptocurrency market which is valued at over $2 Trillion – making the digital asset class more valuable than Apple.

The capital will be used to launch Revix’s mobile application, a variety of Fourth Industrial Revolution (4IR) investment opportunities, and for expansion to the European Union. Locally, the funding will allow for the creation of more than 30 additional South Africa-based jobs, proof that regulating cryptocurrencies in South Africa can offer employment opportunities and long-term economic growth.

Listen | Revix founder Sean Sanders announces the big news on CliffCentral!

“We aim to blur the lines between investing in traditional asset classes, such as stocks, as well as the emerging alternative investment sectors, such as AI, biotech, 5G, eSports and cryptocurrencies, said Sean Sanders, CEO and Founder of Revix. “We want to empower everyday people to safely invest in emerging themes, technologies and asset classes in an effortless way.”

The FinTech is the first investment platform in South Africa to offer a behavioural loyalty and rewards programme, where customers can earn points that can be redeemed for Bitcoin. “We’re building a behavioural loyalty model that incentivises investors to undertake smart investment decisions, such as diversifying their investment portfolios, growing the investment community, improving their financial knowledge and making smart long-term investment decisions, while being rewarded for doing so,” Sanders explains.

Revix joins two global accelerator and incubation hubs

In addition to the funding secured, Revix was also one of 21 start-ups, and the only South African FinTech, to be accepted into the world-renowned six-month Berkeley Blockchain Xcelerator.

“The accelerator is renowned for partnering with businesses that target global societal challenges by using novel technologies. Revix has created a platform that has the potential to break down the barriers to access within this alternative investing space,” says Jocelyn Weber, director of X-Labs and Berkeley’s Blockchain Xcelerator.

Read More | With more and more cryptocurrencies out there, how do you know which ones to invest in?

The company was also one of 11 selected FinTechs (out of 500 applicants) for Wave 2 of the Qatar FinTech Hub’s (QFTH) Incubator and Accelerator Programmes.

“We are at the early stages of a multi-decade super-cycle of retail investing and are looking forward to progressing the intricate web of consumer tech, finance, and regulation needed to bring real innovation to the private investment space alongside Revix,” said Ibrahim Al Mannai, Executive Director of advisory and incubation at Qatar Development Bank.

Read More | What Has Outperformed Bitcoin?

“We’ve managed to achieve monumental growth in our first three years holding strong to our mission of helping millions of people reach their financial goals, which provides alternative investment options in a rapidly developing space,” concludes Sanders.

Investing with Revix

If you are working with an established, reputable crypto investing platform like Revix, you can invest in both ready-made crypto Bundles and individual cryptocurrencies including Bitcoin, Ethereum, USDC (a “stablecoin” fully-backed by the US dollar) and a physical gold-backed token called PAX Gold which provides legal ownership of an ounce of gold through Revix’s online platform.

Bundled investments can instantly diversify your investment portfolio with some of the best-performing cryptocurrencies. The Revix Top 10 Bundle, for example, (which has seen over 500% returns in the last year) allows investors to invest in a bundle of the 10 largest cryptocurrencies as measured by market value and spread across 85% of the market.

The Smart Contract Crypto Bundle tracks those cryptocurrencies that enable smart contract functionality and include several cryptocurrencies that are looking to challenge Ethereum’s smart contract dominance. This Bundle comprises cryptocurrencies that enable developers to build applications on top of their blockchains, much like how developers build mobile apps on top of the Apple mobile iOS operating system. The cryptos in this bundle include Ethereum, Cardano, Tron, Neo, and EOS.

Revix also offers a Payment Crypto Bundle, which provides exposure to the largest five payment-focused cryptocurrencies looking to become ‘digital cash’ and compete with government-issued fiat currencies to make digital payments cheaper, faster and more global. These cryptos include Bitcoin (BTC), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH) and Stellar (XLM).

About Revix

Revix brings simplicity, trust and great customer service to investing. Their easy to use online platform enables anyone to securely own the world’s top investments in just a few clicks

Revix guides new clients through the sign-up process, to their first deposit and first investment. Once set up, most customers manage their own portfolio, but can access support from the Revix team at any time.

For more information and to sign up, please visit www.revix.com

This article is intended for informational purposes only. The views expressed are not and should not be construed as investment advice or recommendations. This article is not an offer, nor the solicitation of an offer, to buy or sell any of the assets or securities mentioned herein. You should not invest more than you can afford to lose and before investing, please take into consideration your level of experience, investment objectives, and seek independent financial advice if necessary. 


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