BitSave Secures Pre-Series A Funding to Expand Crypto Investment Platform
- ByStartupStory | November 26, 2024
Bengaluru-based crypto investment platform, BitSave, has successfully raised an undisclosed amount in its pre-Series A funding round, led by Leo Capital. The company plans to use the proceeds to secure the necessary licenses, enhance its product offerings, and increase brand awareness, as confirmed by a company press release.
Founded in 2022 by Zakhil Suresh, Sajal Sharma, Asif Kattakath, and Vishnu Karthkeyan, BitSave provides long-term passive investment solutions tailored for working professionals and high-net-worth individuals (HNIs). The company’s flagship product is a crypto index offering, which tracks the Bloomberg Galaxy Crypto Index and allows investors to invest through monthly Systematic Investment Plans (SIPs).
“BitSave addresses critical pain points in the crypto investment landscape by simplifying asset selection, ensuring transparency, providing personalised support, and prioritising safety,” the company said in the release.
The platform’s focus is on making cryptocurrency an investor-friendly asset class by offering passive investment solutions that simplify long-term crypto investments. BitSave emphasizes security, with client assets stored in insured institutional custody, and visible on the blockchain via Proof of Reserves and Liabilities.
“By implementing these measures, we aim to effectively address concerns around asset safety, ensuring our investors can participate in the growing crypto market with peace of mind,” the statement continued.
Currently, BitSave has over 500 active investors and manages assets exceeding Rs 4 crore. The platform has plans to expand its operations beyond India, with a targeted geographical expansion into other Asian countries in 2025. The company envisions becoming a globally trusted crypto investment platform of choice.
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