Revix, a crypto investment platform based in Cape Town, has raised $4 million (R58 million) in off-shore funds. The startup’s new funding round is expected to help it develop its business model and launch its mobile app, as well as grow its South African team.
“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. We want to empower everyday people to safely invest in emerging themes, technologies, and asset classes in an effortless way. 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,” said Sean Sanders, CEO, Ravex.
Revix claims to be the first investment network in South Africa to deliver a behavioural loyalty and rewards program through which consumers can receive points that can be exchanged for Bitcoin.
Ravex’s CEO also claimed Revix is the first South African fintech to be admitted into the prestigious 6-month accelerator program.”
Read also:South Africa Declares Dealing In Cryptocurrencies A Financial Service Which Must Be Regulated
Jocelyn Weber, Director, X-Labs and Berkeley’s Blockchain Xcelerator, explained why Revix was chosen to participate in the global accelerator:
“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.”
Revix has also been chosen for the Qatar Fintech Hub (QFTH) Wave 2 Incubator and Accelerator Programs.
Revix crypto
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer