Cryptocurrency Start-Up Luno Announces The Launch Of Fintech And Crypto Investment Firm ‘Luno Expeditions’
Cryptocurrency Start-Up Luno Announces The Launch Of Fintech And Crypto Investment Firm ‘Luno Expeditions’. Cryptocurrency startup Luno has announced that it is launching its new venture which is called Luno Expeditions, this is a early-stage investment business that supports fintech/crypto founders from all over the world on their journeys to build the next generation of financial services.
The company believes that fintech businesses often take much longer to build than other tech companies given many of these constraints. So having partners and investors that truly understand fintech/crypto and can really take a long term view is incredibly important. Luno Expeditions is the company’s way to help address many of these problems for founders of the next generation of fintech and crypto companies. It will be investing in early-stage rounds (seed, pre-seed; often a founder’s first cheque) across the world, into crypto/web3 companies but also fintech companies that it believes is ultimately also helping move the crypto industry forward.
“What many people don’t realise is that the crypto industry is still incredibly reliant on the more traditional financial services and fintech space – we leverage them for payment rails and processing, compliance and security solutions, fraud detection and much more. There are also some fintech companies that are set to usher in the next wave of crypto adoption through transactions: this includes newly founded and nimble remittance and e-commerce companies. All this to say that in order for crypto to be successful, many of these other companies will also have to flourish, and so it makes sense for us to support them to help build the wider ecosystem so that everyone can benefit.” The company said on its website.
Luno believes that supporting founders with money is the easy part. All the challenges around knowledge, networks and localisation are harder, and these are the things that it believes can be addressed at scale; and it’s something the company is going to be investing a lot into over the next few years to help set these founders up for success.
