Luno launches investment arm to back fintechs, crypto, web3 startups

REUTERS/Dado Ruvic

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.

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