# OVEX (Pty)

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ovex-pty

- Industry: Financial Services
- Headquarters: Cape Town, South Africa
- Website: www.ovex.io
- Latest round: Seed (May 28, 2019)
- Investors on record: 2

## About

Founded in 2017 and based in Cape Town, South Africa, OVEX Pty (Ltd) operates as a developer of a cryptocurrency exchanged platform intended to liquidity to all crypto assets. The company co-founded and CEO by Jonathan Ovadia and Tom Masojada. In 2021, OVEX (Pty) Ltd raised funding from Alameda Research and FTX.

OVEX (Pty) Ltd serves as an exchange for monetary currencies to cryptocurrencies and vice versa. They support 20 cryptocurrencies such as Bitcoin, Ethereum and etc. The firm also offers the OVEX Cryptocurrency Interest Account which enables customers to earn up to 7% interest in their wallet balance.

The company generated revenue by offering transparent services of trading cryptocurrency.

OVEX Pty (Ltd) plans to expand market efficiency in South Africa.

## Funding rounds

- Seed, May 28, 2019 — Invictus Capital Partners
- Seed, Apr 3, 2019 — Newtown Partners

## Investors

- Newtown Partners (https://capitalatlas.ai/funds/newtown-partners) — Seed
- Invictus Capital Partners (https://capitalatlas.ai/funds/invictus-capital-partners) — Seed