New Zealand Cryptocurrency Exchange Easy Crypto Raises $12M

Nuance Connected Capital led the Series A funding round, which also included investors from Indonesian and U.S. venture firms.

Oct 6, 2021 at 2:40 a.m. UTC
Updated Oct 6, 2021 at 2:00 p.m. UTC

James Rubin is CoinDesk's U.S. news editor based on the West Coast.

Easy Crypto closed a $12 million Series A funding round, the New Zealand-based cryptocurrency exchange announced in a press release on Wednesday.

  • Nuance Connected Capital led the round with investments from pension provider Pathfinder and Indonesia-based GDP Venture. U.S.-based Even Capital, Hutt Capital, Icehouse Ventures and Seven Peaks Ventures also participated.
  • The exchange, which said the round was oversubscribed by 50%, will use the capital to expand globally into new markets.
  • In the release, Easy Crypto highlighted its intent to expand its business in Southeast Asia. Easy Crypto already has a presence in Australia, the Philippines and South Africa, along with New Zealand.
  • Easy Crypto’s platform allows users to buy and sell more than 150 cryptocurrencies. The three-year-old firm, which was founded by siblings Janine and Alan Grainger, has seen its number of users grow fivefold over the past year.
  • “This funding will accelerate our global growth trajectory, making cryptocurrency easily accessible to even more customers across the world,” Janine Grainger, who serves as the company’s CEO, wrote to CoinDesk. “It is a clear endorsement of what the Easy Crypto team has achieved to date and the growth potential of the platform.”


The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

James Rubin is CoinDesk's U.S. news editor based on the West Coast.

CoinDesk - Unknown

James Rubin is CoinDesk's U.S. news editor based on the West Coast.

Trending

1
CoinDesk - Unknown
GameStop Unveils Crypto & NFT Wallet, Beeple's Twitter Account Latest to Phishing Scam Hacks and More

The most valuable crypto stories for Thursday, May 23, 2022.

The most valuable crypto stories for Thursday, May 23, 2022.

CoinDesk - Unknown
2
CoinDesk - Unknown
First Mover Asia: Funds Lost Billions in the Terra Collapse. Here are the Ongoing Effects; Bitcoin Sees Red

When a fund suffers a major dent to its token, the impact reverberates widely throughout the venture funding eco-system; most major cryptos fell despite gains in U.S. equity markets.

When a fund suffers a major dent to its token, the impact reverberates widely throughout the venture funding eco-system; most major cryptos fell despite gains in U.S. equity markets.

CoinDesk - Unknown
3
CoinDesk - Unknown
At Davos, Crypto Is No Longer on the Outside

Cryptocurrencies have taken a prominent role at the World Economic Forum's annual meeting in Davos, despite the mainstream finance world's apparent contempt for the sector.

Cryptocurrencies have taken a prominent role at the World Economic Forum's annual meeting in Davos, despite the mainstream finance world's apparent contempt for the sector.

CoinDesk - Unknown
4
CoinDesk - Unknown
Wall Street Says a Fed Digital Dollar Spells Destruction for Banks

The Federal Reserve is considering whether to launch a CBDC like other nations, and bankers argue that’s a dangerous idea.

The Federal Reserve is considering whether to launch a CBDC like other nations, and bankers argue that’s a dangerous idea.

CoinDesk - Unknown