Revix adds SA investment platform in crypto world

Picture: Unsplash FLOYD MATLALA Floyd Matlala

IN THE midst of crypto’s successes in South Africa, the Cape Town-based cryptocurrency investment platform Revix has found itself in the mix and making headlines after it raised about $4.1million from its latest capital raise round.

According to media reports the company plans to replicate that success abroad, starting with Germanspeaking Europe. Most of the capital raised will be deployed to its European expansion. Some will be used to launch Revix’s new mobile application.

CEO and Founder of Revix Sean Sanders said: “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.”

The Cape Town-based fintech startup, founded in 2018, is the first investment platform in South Africa to offer a behavioural loyalty and rewards programme, where customers can earn points that can be redeemed for Bitcoin.

“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,” Sanders added.

Revix was one of 21 start-ups, and the only South African fintech, to be accepted into the world-renowned sixmonth Berkeley Blockchain Xcelerator.