About Luno
Luno is a company based in London (United Kingdom) founded in 2013 was acquired by Digital Currency Group in September 2020.. Luno has raised $13 million across 4 funding rounds from investors including Naspers, Digital Currency Group and Balderton Capital. Luno operates in a competitive market with competitors including Consensys, Uphold, Coins.ph, BlockFi and CRYPTO, among others.
- Headquarter London, United Kingdom
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Luno Money Limited
- Date of Incorporation 22 Sep, 2016
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
$0 (USD)0as on Mar 31, 2020
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Net Profit
$-4.72 K (USD)-2146.92as on Mar 31, 2020
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EBITDA
$-4.71 K (USD)-2816as on Mar 31, 2020
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Total Equity Funding
$13 M (USD)
in 4 rounds
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Latest Funding Round
$9 M (USD), Series B
Sep 19, 2017
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Investors
Naspers
& 5 more
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Employee Count
Employee Count
- Acquired by
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Software Development Team
78 people
Product Management Team
25 people
Operations Team
19 people
Finance and Accounting
16 people
Human Resources and Administration
13 people
Sales and Marketing
8 people
Legal and Compliance
7 people
Senior Team
7 people
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Funding Insights of Luno
Luno has successfully raised a total of $13M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $9 million completed in September 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $9.0M
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2017 | Amount | Series B - Luno | Valuation | Balderton Capital | |
| Dec, 2015 | Amount | Series A - Luno | Valuation |
investors |
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| Jul, 2015 | Amount | Series A - Luno | Valuation | Naspers |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Luno
Luno has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Naspers, Digital Currency Group and Balderton Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Multistage venture capital investments are focused on technology sectors.
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Founded Year | Domain | Location | |
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Early-stage tech-focused venture capital firm investing primarily in Southeast Asia
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Founded Year | Domain | Location | |
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Global investments in early and growth-stage tech firms are conducted.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Luno
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Luno
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Luno Comparisons
Competitors of Luno
Luno operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Consensys, Uphold, Coins.ph, BlockFi and CRYPTO, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Developer of blockchain and web3 software platform
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| domain | founded_year | HQ Location |
App-based wallet and exchange platform for cross-border money transfers
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| domain | founded_year | HQ Location |
Digital wallet for Bitcoin assets
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| domain | founded_year | HQ Location |
Crypto trading, loans, interest accounts, and wallets are offered online.
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| domain | founded_year | HQ Location |
App-based trading and deposit solutions for cryptocurrency are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Luno
Frequently Asked Questions about Luno
When was Luno founded?
Luno was founded in 2013.
Where is Luno located?
Luno is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Luno?
James Lanigan is the current CEO of Luno.
Is Luno a funded company?
Luno is a funded company, having raised a total of $13M across 4 funding rounds to date. The company's 1st funding round was a Series A of $4M, raised on Jun 01, 2013.
What does Luno do?
Founded in 2013 and headquartered in London, United Kingdom, operations are centered on a fintech platform for cryptocurrency management. Digital assets such as Bitcoin, Ethereum, Ripple, and Litecoin are supported for sending, receiving, and storage via iOS and Android applications. Guidance is provided to users new to cryptocurrency transactions, with services focused on secure wallet functionalities across global markets.
Who are Luno's investors?
Luno has 6 investors. Key investors include Naspers, Digital Currency Group, Balderton Capital, AlphaCode, and Venturra Capital.
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