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Support Startup Development, Luno Launches Luno Expeditions

PLATFORM Luno, which is a subsidiary of the Digital Currency Group (DCG), launched Luna Expeditions, which is a global investment unit (venture capital) specifically for crypto/Web3 and financial technology (fintech) entrepreneurs who are in the seed/early stage. as an effort to build a better future financial services.

Armed with DCG’s experience and track record as an early-stage crypto startup investor for the past 7 years, Luno Expeditions will now spearhead all DCG early-stage investments (seed and pre-seed).

The Luno Expeditions team will focus on increasing the number of investments (with a target of 200-300 investments per year) and expanding its portfolio beyond crypto to the wider fintech field, globally.

Luno Expeditions will be led by Jocelyn Cheng as CEO. Regarding her new role, Jocelyn said,

Luno Expeditions CEO Jocelyn Cheng said, “Now is a very interesting moment to dive into the crypto sector and the wider fintech ecosystem.

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“We have ambitious plans to build venture capital tailored to the needs of startup founders. It is an honor to be able to work with dedicated entrepreneurs from around the world, who share a common vision to solve problems and build a better financial services company,” he said in a written description

Luno co-founder and CEO Marcus Swanepoel admits the process of building a company, especially in the technology field, is very difficult.

“With our long experience in setting up, growing and running fintech businesses in some of the world’s most challenging markets, we want to support a new generation of entrepreneurs from around the world to do the same,” he said.

Over the past few months, Luno Expeditions has invested in more than 20 of the world’s leading crypto and fintech companies, including crypto compliance solutions in Israel, an NFT marketplace in the United States, a dedicated bank for women in Pakistan, and a new remittance solution in Tanzania.

DCG founder and CEO Barry Silbert, as well as Marcus Swanepoel, are closely involved in the Luno Expeditions initiative and will be part of the Investment Committee. (RO/OL-7)