A pre-seed funding round led by Manit Gupta has raised $500K for PlutoPe, a fintech startup that provides a non-custodial cryptocurrency wallet.
According to a press release from PlutoPe, the new funding will be used for the company’s next stage of expansion, which includes growing its user base worldwide, strengthening its position in underdeveloped and emerging markets, and quickening the delivery of smooth, user-first cryptocurrency financial tools.
PlutoPe, a non-custodial cryptocurrency neobank founded in 2022 by Kumar Chetan Tyagi, aims to provide users total control over their digital assets while combining the ease of traditional banking with the strength of decentralized infrastructure. It provides an all-in-one platform that combines a secure wallet, multi-chain token swaps, real-time remittances, and a globally accepted debit card, all tailored for the global crypto-native community.
By eliminating obstacles like inadequate infrastructure, low digital literacy, and difficult onboarding, PlutoPe claims to be empowering people to access the digital economy. For people who are frequently excluded from traditional systems, its decentralized, user-first methodology encourages direct asset ownership and financial access.
PlutoPe eliminates reliance on exchanges and legacy rails by integrating wallet, swap, and card infrastructure into a decentralized stack built for global scale. A merchant app for crypto acceptance, a one-tap on-ramp for Indian users, and cryptocurrency debit cards for MENA, SEA, and LATAM are among the new products the startup plans to introduce.
Building strategic alliances with stablecoin issuers, Layer-1 blockchain networks, and progressive financial institutions will be the company’s main goal. According to its claims, it has processed over $14.5 million in swaps, recorded 9% monthly user growth, and maintained 65% active user retention.
