Published on July 21st, 2015 | by bitcoin0
An Internet Giant in South Africa has Raised $4 Million for BitX.
Multinational bitcoin platform BitX has raised $4m in a round led by South Africa’s third largest company, the Naspers Group.
The investment, announced today, was made via the Internet giant’s global payments subsidiary, PayU, alongside Barry Silbert’s Digital Currency Group.
As part of the deal, James Caviness, PayU’s chief product officer, will join the board of directors at BitX.
High growth markets
Founded in 1915, Naspers which offers services in more than 130 countries worldwide, is a public multimedia organisation spanning Internet, video and print.
Like BitX, over its 10 year history the company has been focused on becoming experts in the local markets, or “local experts with a global presence”.