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Easy Crypto, the cryptocurrency exchange in New Zealand, successfully closes a round of $12 million dollars.
Easy Crypto, the cryptocurrency exchange platform in New Zealand, recently completed a Series A funding round of $12 million, marking a significant milestone in its global expansion journey. The announcement reflects the confidence of institutional investors in the company’s business model and its ambitions to penetrate new international markets.
Support from Global Institutional Investors
The round was led by Nuance Connected Capital, with notable participation from pension provider Pathfinder and the Indonesian fund GDP Venture. Complementing the investment were firms such as Even Capital, Hutt Capital, Icehouse Ventures, and Seven Peaks Ventures, the latter based in the United States. According to the company, the round experienced a 50% oversubscription, demonstrating high investor interest in the crypto exchange sector.
Expansion Strategy toward Southeast Asia
Easy Crypto will allocate the funds raised to strengthen its presence in emerging markets, with a particular focus on the Southeast Asia region. The platform already operates in Australia, the Philippines, South Africa, and its home market, New Zealand. This expansion aligns with the vision to democratize access to cryptocurrencies in regions with growing crypto adoption but limited local exchange options.
Versatile Platform with Accelerated Growth
The New Zealand crypto exchange allows its users to buy and sell more than 150 cryptocurrencies, positioning itself as a versatile alternative in the market. Founded three years ago by siblings Janine and Alan Grainger, Easy Crypto has experienced exponential growth, quintupling its user base in just one year.
Janine Grainger, the CEO of the platform, emphasized that this funding will accelerate the company’s growth trajectory worldwide. According to her statements, the backing of renowned investors validates the achievements reached so far and opens new opportunities to scale operations, facilitating access to digital assets for millions of users around the world.