TCS | Revix founder Sean Sanders on the creation of Altify

Loading player...
TechCentral reported on Friday that South African cryptocurrency platforms Revix and BitFund are joining forces and, together with Austria’s Coinpanion, have formed a new alternative investment platform called Altify.
Revix founder and now Altify CEO Sean Sanders joins Duncan McLeod on the TechCentral Show to unpack the merger, how it came about, and what Altify hopes to do in the alternative investment space not only in South Africa but the broader Europe, Middle East and Africa region.
In its new form, Altify will continue to offer the crypto investment products that Revix, Coinpanion and BitFund became known for, including a wide selection of ETF-style crypto bundles, along with other alternative finance products.
He said the recent downturn in the crypto market acted as a catalyst for the merger and accelerated Altify’s expansion into non-crypto investment options.
According to Sanders, these market dynamics have also primed the environment for consolidation among retail investment platforms, especially in the crypto space. “Altify is leaning into these opportunities and is engaging with other investment platforms in the UAE, the UK and Europe who could join Altify over the coming months.”
Don’t miss the interview!
1 Dec 2023 English South Africa Technology · Business

Other recent episodes

TCS+ | How Cloud on Demand helps partners thrive in the AWS ecosystem

Newly minted small businesses often struggle to establish themselves as reliable service providers among their more established competitors. To help cloud-focused business thrive, Amazon Web Services has created the AWS distribution model to support small businesses and help them grow. In this episode of TCS+, Cloud on Demand’s Xenia Rhode…
4 Dec 30 min

TCS | MTN Group CEO Ralph Mupita on competition, AI and the future of mobile

South Africa’s big three telecommunications operators have all reported numbers in recent weeks, and the theme is clear: competition in prepaid has intensified sharply. Telkom’s resurgence has put pressure on both MTN and Vodacom, with MTN acknowledging it has “discernibly” lost prepaid market share. This is one of the topics…
28 Nov 57 min

TCS | Dominic Cull on fixing South Africa’s ICT policy bottlenecks

Returning to the TechCentral Show is ICT regulatory expert Dominic Cull, founder of Ellipsis and regulatory advisor to the Internet Service Providers’ Association. Cull recently attended communications minister Solly Malatsi’s policy colloquium in Pretoria – the first under a non-ANC communications minister. Cull says there is a discernibly different tone…
21 Nov 1 hr 04 min