How OVEX Aims To Democratise Access To Cryptocurrency In South Africa
How OVEX Aims To Democratise Access To Cryptocurrency In South Africa. OVEX is a Cape Town based South African digital asset exchange and OTC trading desk. The company brings deep liquidity to African cryptocurrency markets. Its mission is to provide a fair, secure, and transparent service in order to establish a competitive, open, and liquid cryptocurrency market in South Africa, Africa, and abroad.
OVEX describes Itself as an innovative and mission driven company which is accelerating the advent of cryptocurrencies. The company fosters free thinking, autonomous, self-managed teams and are looking for innovative, enthusiastic and driven individuals. The company was started to break down the barriers that prevent people from entering the traditional financial system. It believes that wealth-creating investment opportunities shouldn’t only be accessible to the wealthy, but should be available to all. OVEX’s team consists of software and financial engineers that are on a mission to decentralize finance.
The company was co-founded by Jonathan Ovadia, he is a Serial Entrepreneur and technology enthusiast, at 16 years old Ovadia started a private hedge fund leveraging CFD’s in the South African Market focusing on fast growing technology consulting firms, managing money from friends and Family. The same year Ovadia built LottoPool, an online lottery club allowing users to pool their funds in order to increase their chances of winning.
While studying Electrical and Computer Engineering at the University of Cape Town, Ovadia co-founded 4 companies. ‘MadMash’ a lifestyle media company focusing on the underserved South African youth. ‘GTG’, an on-demand grocery delivery startup which later became ‘Magic’, South Africa’s leading on demand grocery delivery service. ‘OV Soft’, a software consulting firm building disruptive technologies for startups at a discount while maintaining equity in the businesses; and ‘OVEX’, Ovadia’s most ambitious project yet – with the goal of democratizing access to cryptocurrencies in order to enable the wave of innovation rapidly emerging in the crypto space.
