VALR is a cryptocurrency exchange startup which provides a digital asset platform that allows its customers to buy, sell, store and transfer crypto.
VALR's mission is to help build a financial system that recognizes the oneness of humanity.
VALR was founded in 2018 by Farzam Ehsani, Theo Bohnen and Badi Sudhakaran. The company is headquartered in Johannesburg, Gauteng, South Africa.
VALR offers its customers the ability to safely buy, sell and store Bitcoin and 60 other cryptocurrencies—the widest selection of any platform in Africa—at some of the lowest fees in the world.
VALR has processed over $7.5 billion (R115 billion) in trading volume since its launch in 2019 and now serves over 250,000 retail customers and 500 institutional clients from across the globe.
VALR plans to onboard many more institutions from the traditional financial system, including the largest banks, insurers and hedge funds, to assist them with the infrastructure needed to enter the crypto asset market.
VALR is backed by Pantera Capital, Alameda Research, Cadenza, CMT Digital, Coinbase Ventures, Distributed Global, Bittrex, 100x Group, Montegray Capital, 4Di Capital, and others. The company raised $50M in Series B round on Mar 01, 2022. This brings VALR's total funding to $54.9M to date. The latest round valued the company at a $240M post-money.