Coindirect raised €1m in a funding round led by Concentric, with participation from Blockchain.com and MakerDAO. The company described the raise simply as “€1m funding”; the article does not specify whether the instrument was equity, debt, or another form. It intends to use the funds to expand across Africa and Europe and to support forthcoming partnerships with Blockchain.com, MakerDAO and others. Coindirect is based in Douglas, Isle of Man. Founded by Donald Jackson, Jesse Hemson-Struthers, Nicholas Haralambous and Stephen Young, the platform enables customers to trade cryptocurrencies such as Bitcoin and Ethereum using their local currency on mobile or desktop. The company supports over 40 different cryptocurrencies—the largest offering in Africa—and has acquired 40,000 registered users in the South African market.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Feb 2019