About Ovex
Ovex is a company based in Johannesburg (South Africa) founded in 2017 by Jonathan Ovadia. Ovex has raised $4 million across 2 funding rounds from investors including Alameda Research and Newtown Partners. Ovex offers products and services including Straight Buy/Sell, OTC Desk, Crypto Interest Accounts, and OVEX FX. Ovex operates in a competitive market with competitors including WOO, SFOX, Elwood, Paradigm and Crossover Markets, among others.
- Headquarter Johannesburg, South Africa
- Founders Jonathan Ovadia
- SectorsFinancial Services
- Website ovex.com/en
- Social LinkedIn X Facebook Instagram
- Legal Name Ovex (Pty) Ltd
- Total Equity Funding$4M (USD)
in 2 rounds
- Latest Funding Round$4M (USD), Series A
Apr 2021
- InvestorsAlameda Research
& 1 more
Products & Services of Ovex
Ovex offers a comprehensive portfolio of products and services, including Straight Buy/Sell, OTC Desk, Crypto Interest Accounts, and OVEX FX.
One-click tool for trading over 60 currency pairs with zero fees.
Bespoke solution for large-scale crypto trades with immediate execution.
Accounts offering high APR on crypto holdings with daily payouts.
Full-service forex trading with competitive spreads and fast execution.
Funding Insights of Ovex
Ovex has successfully raised a total of $4M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $4 million completed in April 2021. 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 $4M
- Total Rounds 2
- Last Round Series A — $4M
- Investors Count 2
All 2 funding rounds of Ovex with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2021 | $4M | Series A | – | Alameda Research | – |
| Apr 2019 | – | Seed | – | Newtown Partners | – |
2 investors in total: 2 institutional.
Investors in Ovex
Ovex has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Alameda Research and Newtown Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital firm investing in technology startups. | – | newtownpartners.com | - | |
Operates a digital hub for cryptocurrency trading and services. | 2017 | alameda-research.com | San Francisco, United States |
Investor details for Ovex
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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- Round participation
- Investor portfolios
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People of Ovex
2 people are tracked at Ovex (2 in leadership).
| Name | Role | Group |
|---|---|---|
Jonathan Ovadia | Founder & CEO | Leadership |
Sonali Ravikiran | CEO | Leadership |
Complete people profiles for Ovex
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Ovex
3 dated milestones of Ovex across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Ovex is founded.
- Funding First funding round.
- Funding Latest funding round, Series A, of $4.0M.
Competitors of Ovex
Ovex 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 WOO, SFOX, Elwood, Paradigm and Crossover Markets, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| woo.org | 2019 | Taipei, Taiwan | $61M | – | Cryptocurrency liquidity and trading are facilitated through a mobile app. | |
| sfox.com | 2014 | San Francisco, United States | $22.82M | – | Online Bitcoin broker | |
| elwood.io | 2018 | London, United Kingdom | $70M | – | Digital asset trading and management solutions are provided by Elwood. | |
| paradigm.co | 2010 | New York, United States | $39.47M | – | Automated cryptocurrency trading is facilitated through an online platform. | |
| crossovermarkets.com | 2022 | New York, United States | $18.35M | 176 | Digital asset exchange platform developed for institutional crypto trading. | |
| qcp.capital | 2017 | Singapore | – | – | Crypto assets are traded online via a proprietary platform. | |
| easycrypto.com | 2013 | Auckland, New Zealand | $28.75M | – | Cryptocurrency trading is enabled for businesses, trusts, and super funds. | |
| frnt.io | 2018 | Toronto, Canada | – | – | Digital asset trading solutions are provided for institutional investors. | |
| lmaxdigital.com | 2010 | London, United Kingdom | – | 32 | Institutional cryptocurrency trading and exchange platform is operated. |
Detailed competitors of Ovex
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- Full competitor set
- Operating metrics
- Benchmarks
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Web traffic of Ovex
The website of Ovex (ovex.com) receives about 38.3K visits a month.
- Monthly visits38.3K
▲ 200.2% vs previous month
Latest news on Ovex
Complete news archive for Ovex
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
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Similar companies to Ovex
10 companies that operate in the same segment as Ovex (Cryptocurrencies), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border cryptocurrency payments for businesses are enabled through APIs. | 2013 | Boston, Massachusetts, United States | USD 1.51 B | USD 2.75 B | – | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | – | |
App-based platform for exchange and trading solutions for cryptocurrency | 2011 | London, England, United Kingdom | USD 700 M | – | – | |
Terraform Labs is engaged in blockchain technology development. | 2018 | Singapore, Singapore | USD 57 M | – | – | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, France | USD 575.4 M | – | – | |
App-based wallet and exchange platform for cross-border money transfers | 2013 | London, England, United Kingdom | USD 73.36 M | – | – | |
Cryptocurrency trading, storage, and exchange services are offered online. | 2012 | San Francisco, California, United States | USD 546.62 M | USD 7.18 B | 3,770 | |
Cryptocurrencies are traded and exchanged through an online platform. | 2014 | Mexico City, Mexico | USD 331.35 M | – | – | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 85 | |
Mobile app for storing and trading cryptocurrencies is utilized. | 2013 | London, England, United Kingdom | USD 13 M | – | – |
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Frequently Asked Questions about Ovex
Ovex was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Ovex is headquartered in Johannesburg, South Africa. It is registered at Johannesburg, Gauteng, South Africa.
Jonathan Ovadia is the current CEO of Ovex. They have also founded this company.
Ovex is a funded company, having raised a total of $4M across 2 funding rounds to date.
Ovex was founded in 2017 in Johannesburg, South Africa, as a platform in the cryptocurrency sector. Custody and exchange services for multiple cryptocurrencies are offered to institutional clients and everyday traders. Operations include buying, selling, exchanging, and trading digital assets. An OTC trading desk is maintained, along with deep liquidity in cryptocurrency markets, to support efficient transactions across global users.
Ovex's top competitors include WOO, Crossover Markets and Elwood.
Ovex offers Straight Buy/Sell, OTC Desk, Crypto Interest Accounts, and OVEX FX.
Ovex has 2 investors. Key investors include Alameda Research, and Newtown Partners.
Ovex operates through Ovex (Pty) Ltd.