MARCUS
SWANEPOEL

Co-founder and CEO, BitX

MARCUS
SWANEPOEL

Co-founder and CEO, BitX

Biography

Marcus is co-founder and CEO of BitX, a universal Bitcoin platform that provides highly secure mobile wallets, institutional quality exchanges, and various API’s for merchant and other business integration. BitX customers around the world use the platform for faster and cheaper money transfers, buying online, and trading and storing their Bitcoin.

The BitX team originally also built the first ever fully-integrated Bitcoin pilot for a major multinational bank, all the way back in 2013, and at that time also worked with other large financial institutions across the world on various Bitcoin and blockchain strategies. 

As a passionate coder in his teens and a general technology enthusiast ever since, Marcus has always been a strong believer in the positive change that technology can bring to the world. Marcus has spent most of the last decade in finance-related roles in emerging markets, and through BitX has combined this experience in and passion for finance and technology to help build the next generation of financial services. BitX’s ultimate vision is simple: to make money frictionless and universally accessible.

Marcus obtained his undergraduate degree at the University of Stellenbosch and his postgraduate at the University of Cape Town, both in accounting and finance. He then qualified as a Chartered Accountant in Johannesburg before moving to London, where he joined Morgan Stanley’s Consumer Banking team, working predominantly on retail credit products. Subsequently he moved to 3i plc, one of the world’s largest private equity firms at the time, first as a member of the fundraising team and later in growth capital investing. Marcus then attended INSEAD in Singapore and France to obtain his MBA, including doing an exchange programme to the Wharton School at the University of Pennsylvania. He is also a CFA charter holder.

Subsequent to that Marcus joined Standard Chartered’s Leverage Finance team in Singapore, working on leveraged finance and private equity transactions mostly in Singapore, Malaysia and Indonesia, as well as a stint in the Johannesburg office covering Sub Saharan Africa. 

In early 2013 Marcus decided to get back to his technology roots, quit his banking job and over a period of three months circumvented the northern hemisphere by train, visiting most of the major cities across Europe, Russia, China, Japan, Korea and the United States to observe the latest technology trends. He subsequently settled in Palo Alto and a few months later joined the BitX team.

BitX is headquartered in Singapore with offices in Cape Town and Jakarta, and predominantly operates across Europe, Southeast Asia and Africa. BitX is backed by the Naspers Group, a broad-based multinational internet and media group offering services in more than 130 countries. Other investors include Venturra Capital, a leading Southeast Asian venture fund, and New York-based Digital Currency Group.