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Crypto investment startup BitSave raises pre-Series A round

Entrackr · 26d

Crypto investment platform BitSave has secured an undisclosed amount in its pre-Series A funding round led by Leo Capital. The proceeds will be allocated towards securing necessary licences, enhancing product offerings, and expanding brand awareness, BitSave said in a press release. Co-founded in 2022 by Zakhil Suresh, Sajal Sharma, Asif Kattakath, and Vishnu Karthkeyan, BitSave focuses on long-term passive investment solutions for working professionals and HNIs. The company’s products include a flagship crypto index product tracking the Bloomberg Galaxy Crypto Index, with a provision of monthly SIP. According to the Bengaluru-based company, it addresses critical pain points in the crypto investment landscape by simplifying asset selection, ensuring transparency, providing personalised support, and prioritising safety. It aims to make crypto an investor-friendly asset class, simplifies long-term crypto investments by offering passive investment products. BitSave asserts that it effectively addresses concerns around asset safety by storing client assets in insured institutional custody and making it visible on the blockchain through Proof of Reserves and Liabilities. The company claims to have grown its active client base to over 500 investors and managing assets exceeding Rs 4 crore. The platform aims to expand its operational geography from India to other Asian countries in 2025, in alignment with its vision of becoming a globally trusted crypto investment platform of choice.