Hypto raises $3M in seed funding
Hypto recently raised $3 million in seed funding led by Stellaris Venture Partners. The round also saw participation from 3one4 Capital and Core 91, along with angel investors like Amrish Rau (Pine Labs) and Jitendra Gupta (Jupiter), among others.
Hypto co-founder Abhishek Rajagopal said, “We are breaking down finance into its fundamental components to create a new generation of highly accessible, scalable and low latency web services that power all financial use cases. We are also open-sourcing our connections to centralized financial institutions and decentralized networks. By open-sourcing this connectivity layer, we are welcoming a global community of the sharpest people to collaborate and solve the toughest problems in finance.”
Founded in 2018 by Abhishek Rajagopal, Aravind Sriraman, and Tholkappiyan Velavan, the fintech startup aims to make available easy access to financial infrastructure required to build use cases. They hold that developers will transform the field of finance in this decade.
Commenting on the investment, Ritesh Banglani, Partner at Stellaris Venture Partners said, “The rapidly-changing banking landscape allows traditional financial institutions to integrate with fintech companies to provide new and innovative financial products. We strongly resonated with Hypto’s vision to build the operating system for fintech – by providing APIs to access all banking products, they allow any business to build financial products customized to their needs. The Hypto founders combine deep financial services knowledge with the experience of building global SaaS products, and we look forward to partnering with them in this journey.”
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