OVEX (Pty) Ltd
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OVEX (Pty) Ltd - overview
Established
2017
Location
Cape Town, Western Cape, South Africa
Primary Industry
Financial Services
About
Founded in 2017 and based in Cape Town, South Africa, OVEX Pty (Ltd) operates as a developer of a cryptocurrency exchanged platform intended to liquidity to all crypto assets. The company co-founded and CEO by Jonathan Ovadia and Tom Masojada. In 2021, OVEX (Pty) Ltd raised funding from Alameda Research and FTX. OVEX (Pty) Ltd serves as an exchange for monetary currencies to cryptocurrencies and vice versa.
They support 20 cryptocurrencies such as Bitcoin, Ethereum and etc. The firm also offers the OVEX Cryptocurrency Interest Account which enables customers to earn up to 7% interest in their wallet balance. The company generated revenue by offering transparent services of trading cryptocurrency. OVEX Pty (Ltd) plans to expand market efficiency in South Africa.
Current Investors
Newtown Partners, Invictus Capital Partners, FTX Trading Ltd.
Primary Industry
Financial Services
Sub Industries
e-Financial, Accounting/Finance Software, Analytics & Performance Software
Website
www.ovex.io
Verticals
Blockchain, FinTech
Company Stage
Series A
Total Amount Raised
Subscriber access only
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