South African exchange raises $ 50M in Africa’s largest funding round By Cointelegraph

South African crypto exchange VALR has raised $ 50 million in a Series B equity funding round, marking the largest-ever funding for an African crypto exchange.

With this latest round of funding, VALR’s valuation has increased to $ 240 million, a 10X in growth since it raised its $ 3.4 million in a Series A round in July 2020. This round was led by VC Pantera Capital, Alameda Research, Coinbase (NASDAQ: ) Ventures, and several others.