Easy Crypto, a New Zealand-based cryptocurrency exchange, announced today the successful completion of its $12 million Series A funding round. The investment was led by Nuance Connected Capital, with participation from Hutt Capital, Seven Peaks Ventures, Icehouse Ventures, and Even Capital.
Key Highlights of the Funding Round
- Over-subscribed by 50%, reflecting strong investor confidence.
- Funds will be used for global market expansion, particularly in Southeast Asia.
- The exchange currently operates in South Africa, Australia, the Philippines, and New Zealand.
Platform Features
- Supports trading of 150+ cryptocurrencies.
- User base has grown 5x in the past year.
- Founded in 2018 by Janine and Alan Grainger.
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CEO's Vision
Janine Grainger, CEO of Easy Crypto, stated:
"This capital accelerates our global growth trajectory, making crypto more accessible worldwide. It’s a testament to our team’s achievements and the platform’s untapped potential."
Market Expansion Strategy
- Focus on Southeast Asia as a priority market.
- Strengthening infrastructure to support cross-border transactions.
FAQ Section
Q: Which regions does Easy Crypto currently serve?
A: New Zealand, Australia, South Africa, and the Philippines.
Q: How many cryptocurrencies are listed on Easy Crypto?
A: Over 150 digital assets.
Q: What’s next for Easy Crypto after this funding round?
A: Scaling operations in Southeast Asia and enhancing platform capabilities.
Q: Who led Easy Crypto’s Series A round?
A: Nuance Connected Capital, alongside other prominent investors.
Why This Matters
- Demonstrates growing investor interest in regional crypto exchanges.
- Highlights Easy Crypto’s competitive edge in user-friendly onboarding.
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