South Afirca’s Third Largest Firm Leads $4 Million Raise for BitX – Bitcoints

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Published on July 21st, 2015 | by bitcoin

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South Afirca’s Third Largest Firm Leads $4 Million Raise for BitX

Globally-focused bitcoin platform, BitX, has raised $4m in a round led by South Africa’s third largest company, the Naspers Group.

BitX, which offers wallet, exchange and merchant services to markets in Southeast Asia and Africa, has seen rapid growth over the last year.

Founded in 1915, Naspers is a public multimedia organisation spanning internet, video and print media.

In August, BitX closed a SDG$1m ($824,000) seed funding round from investors including Ariadne Capital and Barry Silbert’s Bitcoin Opportunity Corp (BOC).

Silbert also joined the company’s latest round, this time via the Digital Currency Group.

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