Hyro Exchange, the first Ghanaian-founded cryptocurrency exchange, is considering additional equity issuance following the completion of a recent seed capital raise to accelerate expansion across Ghana and key African markets.
A Ghanaian-anchored investor has taken 10% shares in the company, giving Hyro a multi-million dollar valuation. The company is in talks with international investors to sell the same amount of stake as part of a broader capital strategy designed to support regulated scaling, Del Titus Bawuah, founder and chief executive officer, said in an interview.