Luno Sets Up Investment Arm For Early Crypto Fintech And Web3 Innovators

Luno, a wholly-owned subsidiary of Digital Currency Group has set up an early-stage investment arm for innovators in the crypto/web3 space seeking support to grow their potential start-up.

Called Luno Expeditions this division will spearhead all of DCG’s early stage investing both seed and pre-seed with its own dedicated team targeting 200-300 startups per year.

The group has given th role to Jocelyn Cheng who wil take the CEO role, speaking about her new role Cheng said: “I am thrilled to join Luno Expeditions as Chief Executive. These are incredibly exciting times in cryptocurrency and the broader fintech ecosystem. We’ve got ambitious plans to build a leading fund designed around the needs of early-stage founders. It will be a privilege to work with ambitious entrepreneurs from all over the world, all intent on solving problems and building the next generation of financial service companies.” 

Marcus Swanepoel, Luno co-founder and CEO commented: “We know how hard it is to build a company, especially in the fintech space, and with our deep experience building, scaling and operating fintech businesses in some of the hardest markets in the world, we’re looking to support a new generation of entrepreneurs from all over the world do the same.”

As of date the new setup has already invested in over 2 crypto and fintech companies globally, including a crypto compliance solutions platform, an NFT marketplace in the United States, a bank dedicated to women in Pakistan, and a remittance solution in Tanzania.

Previous articleAll-In-One Platform For Your Digital Marketing Communications
Next articleMonash University Malaysia And AIM Healthcare Sign MoU

LEAVE A REPLY

Please enter your comment!
Please enter your name here