Luno, a subsidiary of Digital Currency Group (DCG), has launched its early-stage investment arm Luno Expeditions to back about 200-300 fintech and crypto entrepreneurs a year.
Using its balance sheet to make all investments, Luno Expeditions is looking to invest $15 million to $75 million per year for around three to four years. This translates to total commitments going up to $60 million to $300 million.
