A new alternative investment platform called Altify has been planned by the merger of two South African crypto exchange platforms, Revix and Bitfund, with an Austrian digital asset platform. The new entity, which is based in London, aims to provide access to alternative investment opportunities that are usually out of reach for most people.
Altify offers a range of alternative investment products, such as private credit (private debt), venture capital, real estate, crypto assets, and collectibles. These products are designed to diversify the portfolio of investors and offer higher returns than traditional assets.
According to Sean Sanders, the founder of Revix and the CEO of Altify, the new platform not only strengthens their position in the South African market but also expands their investment reach. He said:
“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.”
Altify Aims To Democratize Alternative Investments
Sanders also said that Altify wants to change the perception that alternative investments are only for older and wealthier individuals. He said that Altify wants to democratize alternative investments and attract younger investors who are looking for more exciting and innovative ways to grow their wealth.
Altify claims to have a user-friendly and intuitive platform that allows investors to easily access and manage their alternative investments. The Investment platform also provides educational resources and support to help investors make informed decisions.
The merger transaction was supported by the shareholders of the three companies, which include Sabvest, CVVC, Founders Factory, Emurgo, High-Tech Gründerfonds, and Calm/Storm Ventures. The merger also received the backing of angel investors Frank Westermann and Johann “Hansi” Hansmann.
Altify is one of the pioneers in the crypto asset space, which is one of the fastest-growing segments of alternative investments. The Investment platform offers exposure to various crypto assets, such as Bitcoin, Ethereum, and Polkadot, as well as crypto index funds, which track the performance of a basket of crypto assets.
Altify is confident that its platform will appeal to a large and diverse group of investors who are looking for alternative ways to invest their money and achieve their financial goals.