Revix, which has offices in Cape Town and London, has the aim of making investments in cryptocurrency funds more accessible to ordinary investors, and was founded by Sean Sanders and Louis Buys in 2018 on the back of a funding round from JSE-listed firm Sabvest. The startup was founded on the principle that everyone should be able to invest their own money and become their own wealth manager, and will now look to continue its growth after raising the US$4 million funding, which comes from overseas investors and accelerators. Revix will use the investment to launch its mobile application, a variety of Fourth Industrial Revolution (4IR) investment opportunities, and for expansion to the EU. Locally, the funding will allow for the creation of more than 30 additional South Africa-based jobs. “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,” said Sean Sanders, Revix’s chief executive officer (CEO). “We want to empower everyday people to safely invest in emerging themes, technologies and asset classes in an effortless way.” The startup 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.
SOURCE: DISRUPT AFRICA