Funding Alert
Crypto investment startup: Flippy raises $1.15M in seed funding round, launches mobile app
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ByStartupStory | April 20, 2022
On Tuesday, Flippy, the crypto investment startup, announced the launch of its mobile app and said that it has raised $1.15 million in a seed funding round.
With participation from other investors such as Entrepreneur First, Alex Lin, Justin Caldbeck, and Anirudh Rastogi, the funding round was led by Redstart Labs.
According to a statement, the firm is also backed by 7 Percent Ventures, an international fund that has invested in unicorns like SourceDNA (later bought by Apple), Oculus VR (later sold to Facebook), and Magic Pony technologies.
The capital has been planned by Flippy founders, Srivar Harlala and Srinidhi Moodalagiri, to scale operations and expand the team. With the goal of producing content that both impart knowledge and is accessible to all investors, the startup also intends to build a user acquisition strategy.
In both the App Store and Google Play store, the Flippy app will be soon available. Users are allowed by the app to explore the investment portfolios of prominent crypto influencers as well as provide access to various crypto information.
In order to allow customers to link their trading accounts and finalise their investments directly from the flippy site, the firm has collaborated with crypto exchanges such as CoinDCX, Krypto, Zebpay,WazirX, Bitbns, and Unocoin.
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