Luno Pte. Ltd.

Founded in 2013 and headquartered in London, UK, Luno Pte. Ltd. operates a cryptocurrency platform that allows users to buy, store, and explore various digital currencies securely and conveniently. Luno Pte.

Ltd. is a cryptocurrency exchange and wallet service that enables users to buy, sell, and manage cryptocurrencies. The company was founded in 2013 by Bruno Cunha, Chun Wang, Gervasio Morgado, Jennifer Farmer, and Lucas Mousinho. Luno's headquarters is located in London, UK, and in September 2020, it was acquired by Digital Currency Group from several investors including Balderton Capital and Naspers Limited.

Since its inception, Luno has successfully completed 5 deals, with their latest funding round being a Series B amounting to USD 9. 00 mn led by Balderton Capital, contributing to a total of USD 9. 00 mn raised. Luno primarily focuses on providing a platform for buying, storing, and exploring cryptocurrencies like Bitcoin, Ethereum, XRP, and various altcoins.

The platform, launched in 2019, is designed for secure transactions and features a user-friendly wallet that caters to both novice and experienced investors. Luno serves retail investors, institutions, and businesses across multiple markets including the United Kingdom, Europe, and select regions in Asia, facilitating easier access and management of cryptocurrency assets. Luno's revenue model hinges on transaction fees collected during cryptocurrency trades on its platform. Each trade incurs a fee that varies based on transaction specifics.

Additionally, Luno offers premium features accessible through subscription models aimed at individual users and institutional clients. Their competitive pricing structure is designed to drive user engagement and build a sustainable revenue stream, enhancing customer loyalty and increasing transaction volumes. Luno's recent acquisition by Digital Currency Group is geared towards aiding its global expansion strategy, particularly in its existing operational geographies and new markets. The funding received will support the development of new products and services, although specific details on upcoming launches and release dates are not disclosed.

The company's goal is to broaden its reach and enhance its platform capabilities, aiming to cater to an even wider audience in the cryptocurrency space.