Centbee, a Johannesburg, South Africa-based Bitcoin company, closed its £1m Series A funding round.
Calvin Ayre, founder of Antigua-based investment firm, Ayre Ventures and CoinGeek, made the investment. The deal was facilitated by nChain, a blockchain advisory, research and development firm, which took an equity stake in the company in January 2018.
The company intends to use the funds to scale its blockchain technology.
Founded by co-CEOs, Lorien Gamaroff and Angus Brown, Centbee is a Bitcoin wallet provider that makes it easy for consumers to acquire, store and spend Bitcoin with retailers and other merchants. The company supports Bitcoin SV * because it is the only blockchain that fulfils the original Bitcoin design and protocol.
Gamaroff is an expert in blockchain technologies and cryptocurrencies. Brown has 20 years’ experience in payments and banking including the role of CEO of eBucks.com, a world-first bank-backed digital currency created in 2000.
The Centbee Wallet is available in the Apple and Google Play stores.
*About Bitcoin SV
Bitcoin Satoshi Vision (BSV) is the only Bitcoin implementation that follows the original Satoshi Nakamoto whitepaper, and conforms to the original Bitcoin protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.