Denmark-based crypto investment platform, Kassio has raised $1.6 million in series seed round funding co-led by two major European Investment Funds and Aalto Capital.
“The platform plans to use the funds to launch its operation in the Indian and European markets, further strengthening its product development process and adding more talent to the senior management across its legal, compliance, institutional relationships, and design functions,” the statement said
Founded in October 2020 by Sachin Singh, Anuj Yadav, and Bharat Vivek, Kassio provides users to buy, sell, borrow, earn and utilize cryptocurrency.
Speaking on the fundraise, Sachin Singh, CEO & co-founder of Kassio, said, “This successful pre-seed funding round is a testimony to the strength of our project Kassio, its roadmap, offerings, and the innovation that brings together crypto investment and much-required crypto utility features”.
In February of 2022, they decided to invest 1.6 million US Dollars in the company’s pre-seed round of funding to accelerate and globally scale the company’s mission of making crypto mainstream.
Commenting on the investment, Shayan Khan, Partner at Aalto Capital, said, “While crypto is the next biggest equalizer after the internet revolution, Kassio, with its strong offerings, is a project that changes the whole dynamics of the community. I am confident that Kassio will be instrumental in providing quality crypto offerings to end-users and bring about the change that the world has been waiting for in this ecosystem.”