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Aussie Firm Offering Crypto Visa Card Seeks Valuation Uplift

CryptoSpend, a startup digital-asset payment service in Australia, said it’s targeting a roughly fourfold increase in valuation in a funding round due to be completed over the next two months.

The company is seeking A$5 million ($3.5 million) in Series A investment at a valuation of about A$30 million to A$50 million, according to co-founders Richard Voice and Andrew Grech.

“This is the right time for us to go out and raise to scale and expand the business to meet the demand we are currently experiencing,” Chief Operations Officer Voice said in an interview Tuesday in Sydney. He added that the firm plans to launch in New Zealand this year. 

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