Crypto investment startup BitSave raised undisclosed Pre-series A funding
BitSave, a cryptocurrency investing platform, has raised an undisclosed sum in its pre-Series A funding round, which was led by Leo Capital.
According to a press release from BitSave, the money raised will be used to improve product offerings, obtain the required licenses, and raise brand awareness.
Zakhil Suresh, Sajal Sharma, Asif Kattakath, and Vishnu Karthkeyan co-founded BitSave in 2022 with the goal of providing long-term passive investment solutions for HNIs and working professionals. One of the company’s offerings is a flagship cryptocurrency index product that tracks the Bloomberg Galaxy Crypto Index and offers monthly SIP.
By making asset selection easier, guaranteeing transparency, offering individualized support, and putting safety first, the Bengaluru-based company claims to alleviate significant pain points in the crypto investment landscape. By providing passive investment products, it seeks to make cryptocurrency an asset class that is appealing to investors and makes long-term crypto investments easier.
BitSave claims that by keeping customer assets in insured institutional custody and displaying them on the blockchain via Proof of Reserves and Liabilities, it successfully allays worries about asset security.
The company claims to have managed assets worth over Rs4 crore and expanded its active clientele to over 500 investors. The platform wants to become a globally recognized cryptocurrency investment platform of choice, and part of that goal is to extend its operational geography from India to other Asian nations by 2025.
