UK-based Crypto-friendly Neobanking startup Cashaa exits Unicas in India
- ByStartupStory | May 22, 2022
Cashaa, a crypto Neo banking start-up declares it exits from Unicas. After successful B2B Crypto banking, Cashaa entered the personal Crypto banking industry. Unicas partnered with the United Multistate Cooperative to offer crypto-friendly INR Savings to its clients in 2020.
Founded in 2016, the Crypto banking company Cashaa is expected to soon release its expansion plan for India. The buyout compensation will go toward a $20 million investment fund to help build the fast-growing Web3 sector. Kumar Gaurav, The CEO of Cashaa stated that “The Indian market offers tremendous potential, especially after the recent clarity regarding cryptocurrency taxation and legal infrastructure. We at Cashaa welcome this decision”.
Unicas is a cryptocurrency firm with a physical location that offers crypto-based services including cryptocurrency bank accounts, crypto-based credit programs, and cryptocurrency exchanges.
Co-founder Sonal Kukreja of Unicas said, “Our decision to acquire our stake from our Cashaa representative in India gives Unicas a new direction. After the recent reforms, the Indian market has huge upside potential,” said
UK-Based crypto-friendly neo banking start-up Cashaa aims to specialise in developing CAS token-specific goods and services. The Cashaa platform’s native currency, CAS, offers several benefits, including expedited application processing, lower startup fees, lower international wire transfer charges, exchange rebates and transaction fees, and more.
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