Tech

Crypto consolidation as 2 SA startups merge with Austrian counterpart

South African crypto asset investment platforms Revix and BitFund have partnered Austria’s Coinpanion to form a first-of-its-kind alternative investment platform called Altify.

Altify aims to empower people to grow their wealth outside of the stock market through a diverse range of alternative investment opportunities, which include asset classes such as private credit, venture capital, real estate, crypto assets, collectibles and more. 

In its new form, Altify, will continue to offer the crypto investment products that Revix, Coinpanion and BitFund are known, for which includes the world’s widest selection of ETF-style crypto bundles, that operate similar to an index fund. 

Other investment options include leading cryptocurrencies like Bitcoin and Ethereum, and even physical gold on the blockchain. Poised for expansion, Altify plans to introduce an exciting range of new alternative investments in 2024. 

Sean Sanders, Revix’s founder and CEO, takes the reins as Altify’s CEO, unifying the more than 80,000 customers of Revix, Coinpanion and BitFund under the Altify umbrella.

“To solidify our value for the South African market, we’re excited to expand our investment reach even further with this partnership,” said Sanders. “Ultimately, our goal is to enable South African investors the opportunity to harness the power of alternative investment, positioning ourselves as the go-to alternative investment platform across South Africa and the bigger EMEA region.”