Luno expands footprint to 2 million customers. Photo: Supplied by Luno.
Luno expands footprint to 2 million customers. Photo: Supplied by Luno.

Luno expands footprint to 2 million customers

By Staff Reporter Time of article published Aug 16, 2018

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DURBAN - Luno has announced that they have reached 2 million customers across their worldwide operations. 

The app which allows people to buy, sell and pay through their Bitcoin wallet has operations in countries like South Africa, London, Nigeria, Malaysia and  headquarters in Cape Town too. 

Luno which was co-founded by a BSc graduate from the University of Cape Town Timothy Stranex has experienced huge growth in South Africa. 

The other co-founders of the company include Carel van Wyk, Marcus Swanepoel, and Pieter Heyns. 

Luno has processed more than R62 billion worth of payments to date and achieved the title of the fastest growing start-up in the United Kingdom in 2018. 

Swanepoel who is the CEO of Luno said that getting to the 2 million customers mark is a huge achievement for the company. 

He said that they strongly believe that by making Bitcoin more accessible through education and offering a user-friendly, safe platform more people across the world can benefit from an improved financial system. 

According to Luno, they are planning opening new offices in London and in Johannesburg in the future as well as grow their global team. 


According to Ventureburn, the company was looking for 40 new employees for the Cape Town office. 

The jobs were advertised on LinkedIn and they were looking for business analysts, data scientists, fraud analysts, tax analysts and software engineers.

According to Swanepoel, they were likely to hire 50 to 100 more people.

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