Bitfxt

The core of Bitfxt's business is its cryptocurrency exchange, which facilitates the buying, selling, and trading of digital currencies in real-time. The platform was designed to be intuitive for both experienced and novice traders. Beyond the exchange, Bitfxt has expanded its product ecosystem to drive cryptocurrency adoption in Africa. A key offering is BoundlessPay, a global multi-utility payment system and neo-finance platform that enables cross-border settlements using both fiat and cryptocurrency. Associated with this is a cryptocurrency-powered ATM card, allowing users to spend their digital assets at any ATM or POS device. The company also established Bitfxt Academy, an educational arm offering courses on blockchain technology, and Bitfxt Lab, its software development division.

A notable event in the company's history was a $15 million Series A funding agreement announced in February 2020 with a UK-based syndicate, Payitup Clearinghouse. This deal included a US$125 million revolving margin facility for its traders. However, by January 2021, CEO Franklin Peters revealed that Bitfxt had withdrawn from the agreement. The decision was made after realizing the terms were unfavorable and would have diverted the company's focus from its core crypto business. The company's revenue is generated from transactions on its exchange and other financial services. Its target clients range from individual retail investors to businesses seeking to integrate blockchain solutions.