Type of site
|Available in||40 countries|
|Products||bitcoin exchange, bitcoin wallet service and bitcoin API.|
Luno was founded in 2013 and the exchange was set up by Timothy Stranex. Stranex is a BSc graduate from the University of Cape Town. He began his career as a software engineer at Google in Switzerland. He worked on Google Maps during his four years at the company, while also completing an MSc in theoretical physics from the University of Zürich.
A South African company was one of the earliest clients. The company established its operations in Cape Town to accommodate the client, and quickly grew from there. “[However], we quickly realised two things: one, the banks were going to be moving very slow in this space; and two, there was a lot of misconceptions around what the technology could or could not do."
Luno and PayFast facilitated one of the first crypto-currency integrations into a payment processor in the world.
In September 2017, Luno raised $9 million in order to introduce its bitcoin wallet, exchange and services in Europe.
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