Kenyan cross-border payments startup GTXN acquired by Luno

What happened

Kenyan cross-border payments startup GTXN has been acquired by UK-based digital asset platform Luno. Luno, meanwhile, was founded in 2013, and lets customers buy, store and manage digital assets, alongside [...] The post Kenyan cross-border payments startup GTXN acquired by Luno appeared first on Disrupt Africa .

Founded in 2022, GTXN provides collection and payout infrastructure across corridors linking developed and emerging markets, backed by a licensing footprint for regulated cross-border flows. Luno, meanwhile, was founded in 2013, and lets customers buy, store and manage digital assets, alongside a growing set of institutional services.

The company, which is part of Digital Currency Group, serves more than 15 million customers across multiple markets. The acquisition (one company buying another) of GTXN gives Luno its own licensed rails to move money in and out of these markets, which it will offer to enterprise clients as a single settlement flow.

Key facts

• Founded in 2022, GTXN — provides: collection and payout infrastructure across corridors linking developed and emerging markets, backed by a licensing footprint for regulated cross-border flows