Altify Group Limited (the “Company”) was established following the merger of Revix UK Limited and SmartBytes GmbH in December 2023. As part of the merger, SmartBytes GmbH became a direct shareholder in Altify Group Limited (formerly Revix UK Limited), consolidating the teams, technologies, and commercial strategies of both businesses under the Altify brand.
Prior to the merger, the Company successfully raised $5.5 million across four funding rounds between April 2020 and March 2022, supporting product development, market entry, and early-stage growth initiatives. Details of the funding rounds are as follows:
| Date | Round | Amount Raised | Pre-Money Valuation | Purpose |
|---|---|---|---|---|
| April 2020 | Founder | $350 thousand | $1.4 million | Product development and planning |
| September 2020 | Angel | $1.1 million | $2.8 million | Market entry and go-to-market |
| March 2021 | Pre-Seed | $1.3 million | $2.8 million | Operational runway during pandemic |
| March 2022 | Seed | $2.8 million | $15.0 million | Scaling the platform and team |
| December 2023 | Pre-Series A | $1.5 million | $15.0 million | Merger integration and growth |
These funding rounds have enabled Altify’s transformation into a cross-border digital asset platform, with regulated operations, a diversified and growing customer base, and a scalable, future-ready technology stack.