Xago continues its growth trajectory by securing further funding

Xago continues its growth trajectory by securing further funding

Xago, an innovative South African crypto fintech that focuses on an all-inclusive approach to moving money rapidly, announced that it has raised further funding from shareholders to continue its growth trajectory by expanding in all aspects of the business.

Mark Chirnside, Xago’s CEO and a Co-founder is pleased with this vote of confidence and comments, “since securing the last round of funding in September last year, Xago’s revenue has grown by well over 400% and the first 4 months of this year is over 700% up on the same 4 months of 2020.  Providing outstanding client service and working closely with strategic partners around the globe, has placed Xago in a unique position to continue to deliver agile, highly secure, fully compliant and cost effective solutions, rapidly.”

Crypto exchanges, ecommerce platforms, financial institutions, retailers, business owners and individuals partner with Xago to experience extremely efficient and cost-effective money movement across borders within seconds. By utilising their stable coin XZR, pegged 1:1 with the South African Rand, and the XRP Ledger which transfers money in less than 4 seconds, Xago minimises the risk of currency exchange fluctuations while the transaction is taking place and also only charges a minimal fee compared to other money transfer companies.

The company, especially its founders, have always championed fair regulation of the crypto industry and they been working closely with the South African regulators since January of this year.  Xago has, and will continue to, require all clients to comply with the Financial Intelligence Centre Act (FICA) in order for us to maintain strict Know Your Customer (KYC) and Anti-Money Laundering standards and the FATF Travel Rule.

For more information, please contact:

Cheridan Inglis, Chief Marketing & Compliance Officer

marketing@xago.io

 

 

Xago, Timeless Capital Team Up to Empower Entrepreneurs in Africa

Xago, Timeless Capital Team Up to Empower Entrepreneurs in Africa

Timeless Capital has chosen Xago’s bespoke crypto Payment Platform and Trade Xchange to open up markets with entrepreneurs in the rising economies of Africa.

Mark Chirnside, CEO and Co-Founder of Xago, states, “we are very pleased to partner with a future-focused company like Timeless Capital Technology.  It is perfect timing as we have developed, tested and launched the functionality they require to bring stable coins to their clients across the continent in less than 4 seconds and at a fraction of traditional banking costs.”

Donaldson Sackey, former Togolese international soccer player, and now crypto entrepreneur, is very pleased with the perfect match between Xago and his new venture, Timeless Capital Technology.  “Partnering with Xago is one of the best business decisions we have made as they are a highly credible and trusted organisation bringing crypto solutions and financial independence to clients across the globe, who cannot afford to pay traditional financial fees,” remarks Sackey.

By utilising Xago’s bespoke crypto Payment Platform and Xchange, Timeless Capital will not only be able expedite their go-to-market strategy, but they will also be able to offer their clients transactions that are highly secure, legally compliant, cost effective and extremely fast.

Timeless Capital’s Coin Ecosystem of Decentralised Applications provides the building blocks for entrepreneurship and economic opportunity.  They are currently working with 9 different countries in Sub-Saharan Africa and in discussions with more in north Africa.

About Timeless Capital Technology  

The Timeless Capital Technology is a cryptocurrency-powered by a blockchain-based ecosystem of tools and services designed for entrepreneurs in the rising economies of Africa and beyond. The Timeless Capital crypto coin (TCC) allows entrepreneurs to exchange their fiat currencies into a cryptocurrency. It helps them overcome key hurdles, such as high inflation, government mismanagement funds, and corruption. Timeless Capital contributes to humanitarian projects in partnership with the Innovate Finance Foundation (IFF). www.timeless-capital.io

 

For more information, please contact:

XAGO TECHNOLOGIES (PTY) LTD

Cheridan Inglis, Chief Marketing Officer

marketing@xago.io

 

 

New features launched on Xago’s Xchange

New features launched on Xago’s Xchange

Xago has launched a number of new features on our bespoke Xchange platform to enhance our clients’ trading opportunities.  These include:

  • A new design and user experience to enable clients to interact dynamically with the market as it moves.
  • A personalised Portfolio Balance Calculation. This calculation on the top left of a client’s wallet screen takes their current XagoZAR/XZR balance and your current XRP balance and calculates the ZAR value of your total portfolio held with Xago. This calculation updates every 8 seconds.
  • The Transactions section now calculates a client’s running balance.
  • The Completed Order section is now separate from the Open Order section.
  • Convenient Buy and Sell pop-up options directly on the XRP wallet.
  • Mercantile Bank is now an option to fund your trading account in addition to Bidvest Bank.  Clients can transfer funds from their preferred bank directly into Xago’s Mercantile Bank acccount.

And the most exciting feature is that clients can receive XagoZAR/XZR instructions directly into their XZR wallet from other Exchanges around the world as we go live.

Xago will continue to release more dynamic features, products and services as we expand across the globe.

Register below to start moving money securely, compliantly and cost effectively across the world in less than 4 seconds.

Register

 

Bequant partners with Xago to break new ground in South Africa and across Africa

Bequant partners with Xago to break new ground in South Africa and across Africa

BEQUANT, a one stop solution for professional and digital-assets investors and institutions around the world, announces a strategic partnership with Xago, one of the leading cryptocurrency trading partners of choice in Africa, to break new ground in South Africa and across the continent.

BEQUANT’s breadth of products include prime brokerage, custody, fund administration enhanced by an institutional trading platform providing low-latency, liquidity and direct market access. “The partnership with Xago is another step for us to enhance the digital assets ecosystem for our  institutional investors. Enabling crypto in and out of South Africa opens up the doors for BEQUANT partnering with more organisations across the African continent.” said Sunil Chauhan, Director of Marketing and Partnerships for BEQUANT. 

Xago continues to develop bespoke, highly secure, fast and fully compliant blockchain products and services including a payment gateway, trade exchange, fiat on- and off-ramps all based on trading ZAR/XRP cryptocurrency on the XRP Ledger. “Thanks to our partnership with BEQUANT, Xago will now be able to access liquidity from Europe that institutional investors have been seeking in Africa. The realms of possibilities have opened up to provide a trusted gateway for users to securely trade between Africa and Europe. This is the beginning of an exciting partnership between us and BEQUANT,” commented Mark Chirnside, CEO and Co-Founder at Xago. 

Other strategic partners in the BEQUANT stable include Globitex’s EuroWallet, Global Digital Finance (GDF) and Solidus Labs.

About BEQUANT: 

Located in London and Malta, BEQUANT is a one stop solution for professional digital-assets investors and institutions. Our breadth of products include prime brokerage, custody technology and fund administration services, enhanced by an institutional trading platform providing low-latency, liquidity and direct market access.The BEQUANT team is composed of experts from institutional, retail and digital financial services with experience in banking, derivatives, electronic trading and prime brokerage. 

BEQUANT Digital Assets Trading Platform: www.BEQUANT.io    

BEQUANT Prime Brokerage Services: www.BEQUANT.pro

 

For more information on this announcement, please contact:

Cheridan Inglis

Chief Marketing Officer

Xago Technologies (Pty) Ltd

Cheridan@xago.io

Xago partners with Paxful to connect with 5 million peer-to-peer crypto traders

Xago partners with Paxful to connect with 5 million peer-to-peer crypto traders

Paxful, the leading peer-to-peer financial platform with over 5 million users around the world has chosen to add Xago as their latest partner to connect more South Africans to the global financial network via cryptocurrencies.

Xago is expanding rapidly, especially into emerging markets, and joining the Paxful stable is certainly opening up Xago’s clients to like-minded individuals who value real-time trade. By simply having both Xago and Paxful accounts, Xago users can now trade with individuals on the Paxful platform from all over the world.”We’re delighted to be partnering with Xago. Together we can offer a localised solution to help South Africans use cryptocurrencies in everyday life for payments or as a medium of exchange for example. There’s a growing interest in cryptocurrencies in South Africa and we’re looking forward to making it easier and better for South Africans to use them to access the global economy,” comments Modibe Matsepane, Africa Community Coordinator at Paxful.

The peer-to-peer system of Paxful removes borders and limits. With a Paxful account, people can send money and purchase items with other individuals across the world, as well as build a business with their Bitcoin affiliate program.

“Our partnership with Paxful is perfectly timed for increased trading as we end off the first quarter of 2021. Our highly experienced leadership and engineering teams have worked extensively on our platform to continue to drive efficiency and new features will be launching shortly.  We are obviously very pleased to be part of the Paxful global community and look forward to ongoing opportunities between our clients,” emphasises Kevin Lewis, Chief Revenue Officer at Xago.

About Paxful

Paxful, a peer-to-peer finance platform for people to make payments, transactions, and send money by buying and selling cryptocurrencies as a means of exchange. Founded in 2015 by Ray Youssef and Artur Schaback, Paxful’s mission is to help everyone have equal access to finance no matter who or where they are. Over 5 million people use Paxful to buy and sell Bitcoin (BTC) and Tether (USDT) with almost 400 different payment methods.  Ray Youssef, co-founder and CEO of Paxful, set up the Built with Bitcoin Foundation to help people have access to education and water. To date, the foundation has built four schools (two in Rwanda, one in Kenya, and one in Nigeria). The Built with Bitcoin Foundation is funded by Paxful and in part by donations from Paxful users. www.paxful.com

For more information, please contact:

Cheridan Inglis, Chief Marketing Officer

XAGO TECHNOLOGIES (PTY) LTD

marketing@xago.io

Xago secures partnership with Forex Varsity, the leading forex trading educator in Africa

Xago secures partnership with Forex Varsity, the leading forex trading educator in Africa

Forex Varsity, the leading forex trading educator in Africa, has partnered with Xago to bring credible and compliant crypto trading to thousands of their members and associates across the continent.

Xago offers Forex Varsity’s clients innovative money movement into or out of crypto with our custom-built Xago Xchange. This trading platform enables individuals to buy, trade, send and receive ZAR/XRP cryptocurrency in less than 4 seconds.

Garth East, Group Managing Director of Forex Varsity, is well-known for being discerning in his choice of partners and states, “we’ve been watching the cryptocurrency industry closely for around 10 years, and have not felt comfortable with endorsing a crypto trading partner, until now.  We have specifically chosen Xago as they are a highly credible South African fintech that focuses on an all-inclusive approach to moving money and offer our clients the best support to enable trading.  Importantly, they have been accepted to test specific regulatory treatment of crypto assets and their investors and strategic partners align perfectly with our core vision to succeed with integrity.”

Kevin Lewis, Chief Growth Officer at Xago, whom manages the relationship with Forex Varsity, is very pleased to announce the news and comments, “our partnership is a perfect way to introduce cryptocurrency trading to individuals whom already have a vested interest in trading foreign exchange. Our Xchange minimises the risk of currency exchange fluctuations for the individual (and businesses) due to the settlement time of 3.8 seconds on average, all the while knowing they are trading on a secure, traceable, compliant and effective exchange.”

Forex Varsity clients are already registering with Xago via a specifically designed personalised user journey and have started their new crypto trading careers.

About Forex Varsity

Forex Varsity is the only trading educator in Africa to be endorsed by banks and universities. We hold exclusive rights as an Officially Certified Introducing Agent for Bernstein Bank. In terms of Training Endorsements, Cape Peninsula University of Technology are committed to using us as a springboard for hosting interns as part of their Formal Internship Programme, running for three months annually. In addition to our Accreditations, we offer a dynamic support service which continues to demonstrate outstanding results. www.forexvarsity.com

For more information, please contact:

Cheridan Inglis, Chief Marketing Officer, Xago Technologies

cheridan@xago.io