African Blockchain Giant, Bitfxt Technology, Secures $15M Series A Funding

Home » News » African Blockchain Giant, Bitfxt Technology, Secures $15M Series A Funding
February 14, 2020 by
African Blockchain Giant, Bitfxt Technology, Secures $15M Series A Funding

“It always seem impossible until it’s done” – Nelson Mandela

Africa’s fast raising Blockchain Technology Company, Bitfxt Technology based out of Lagos, Nigeria has recently secured $15M in funding from a UK syndicate of Hedge Funds and UK company, Payitup Clearinghouse Ltd (UK). Furthermore, Bitfxt has also concluded an Agreement with the syndicate to extend a $125M Revolving Margin Facility for all its traders to leverage their position for a higher gain.

Bitfxt is known for pioneering various proprietary technology outfits in Africa through decentralization and also leading the way to be the first in many aspects bring technology home. Bitfxt has created various networks within blockchain space across Africa with the launch of various partnerships with local community and outside of Africa incorporating technology as a social and economic development initiative led by current administration and to complement their efforts to diversify economic and financial inclusion via local content development initiative. Payitup Clearinghouse Ltd (UK), will act as a clearinghouse across all the markets in Africa and Europe through its affiliates and networks for immediate settlements.

Bitfxt, in the last couple of years since its inception, has always been known to set a tempo which is seemingly impossible to match in terms of blockchain and general ICT services such as the Bitfxt hybrid exchange, the first of its kind cryptocurrency powered ATM cards that can be used anywhere in the world, a global multi utility payment system known as Boundless Pay among others. The funds will help in the development of marking efforts through its subsidiary Boundless Pay as well as development of proprietary infrastructure to compliment existing financial networks. Users of Boundless Pay will have options of settling in US$ or Naira through our portal and also earn in US$ locally.

This funding round led by foreign institutional fund is a testament to Bitfxt’s growth potential cultivated by its team that Bitfxt Technology brings to the Blockchain and Cryptocurrency space across Africa.

Leave a Reply

Your email address will not be published. Required fields are marked *

© Copyright 2018 Coinstituency. Risk Disclosure: Coinstituency will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Cryptocurrency trading on margin involves high risk, and is not suitable for all investors. Before deciding to trade foreign exchange or any other financial instrument or cryptocurrencies you should carefully consider your investment objectives, level of experience, and risk appetite. Coinstituency would like to remind you that the data contained in this website is not necessarily real-time nor accurate, meaning prices are indicative and not appropriate for trading purposes. Therefore Coinstituency doesn’t bear any responsibility for any trading losses you might incur as a result of using this data. Coinstituency may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.