South African crypto asset investment platform, Revix, has team up with Austria’s Coinpanion and fellow South African crypto investment platform BitFund, to form 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 that were once reserved for big institutions and the ultra-wealthy,” said the companies in a joint statement. “Alternative investments include asset classes such as private credit (private debt), 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.
Sean Sanders, Revix’s founder and CEO, takes the reins as Altify’s CEO, unifying the 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,” says Sean Sanders, CEO of Altify. “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,” adds Sanders.
Both Revix and Coinpanion were established in 2019 and have garnered impressive traction with their innovative ETF-style crypto asset portfolios. Their partnership positions Altify across both Europe and Africa with the necessary regulatory licences, an established customer base and a market-leading investment app and web platform. Collectively, Revix, Coinpanion and BitFund have received over $250 million in deposits.
“The average age of those investing in alternative assets is currently 65. We’re engaging with a younger audience, targeting investors aged 25 to 50, providing them with decades to capitalise on compounded returns that can profoundly shape their financial trajectory,” said Sanders.
