South African Crypto exchange VALR has raised over $50 million in a Series B equity funding round. With this latest funding round, the firm's valuation has increased to $240 million, a 10X in growth since it raised its $3.4 million in a Series A round in July 2020. Funds from this round will be used to expand its operation across more African countries and even into India with the new cash investments from major Crypto VCs.