Luno, a wholly-owned subsidiary of Digital Currency Group (“DCG”), announces the launch of Luno Expeditions, a global, early-stage investment arm dedicated to assisting the best fintech and crypto/web3 founders on their journeys to build the next generation of financial services.
Luno Expeditions will now lead all of DCG’s early stage investing, building on DCG’s -year track record in early stage crypto investing (seed and pre-seed). The dedicated team will increase investments (targeting 200-300 per year) and broaden the focus beyond cryptocurrency into the broader fintech space globally.
Jocelyn Cheng, the CEO of Luno Expeditions, will lead the company. “I am thrilled to join Luno Expeditions as Chief Executive,” Cheng said of her new position. These are extremely exciting times in the cryptocurrency and wider fintech ecosystem.
We have ambitious plans to create a leading fund focused on the needs of early-stage founders. It will be an honor to collaborate with ambitious entrepreneurs from around the world who are all focused on solving problems and building the next generation of financial service companies.”
“We know how difficult it is to build a company, especially in the fintech space,” said Marcus Swanepoel, co-founder and CEO of Luno. “With our deep experience building, scaling, and operating fintech businesses in some of the world’s most difficult markets, we’re looking to support a new generation of entrepreneurs from all over the world do the same.”