Global crypto platform Kassio draws $1.6 Mn in pre-series Seed round

Reader's Pick

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.

- Advertisement -

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.”

Krishna Mali
Krishna Mali
Founder & Editor of TechGraph.

Latest News

Promoted Links

Related Stories

NASA astronauts to carry first ever all-female spacewalk on 29 March

Two NASA astronauts are scheduled to carry out the first ever all-female spacewalk in...

Sino-US trade war offers Europe’s chance to bank more Chinese reserves: Analysis

Should European countries want the euro to replace the dollar as the world's dominant...

Rajesh Bysani joins Brainly as its new CPO

A New York headquarter peer-to-peer learning platform, Brainly has announced the appointment of Rajesh...

Rahul Gandhi hits on RCEP says, ‘Make in India’ has become ‘Buy from China’

Asserting that "Make in India" has become "Buy from China," Congress leader Rahul Gandhi...

AI bot “ClaRAN” can spot radio galaxy too.

An artificial intelligence (AI) programme used to recognize faces on Facebook can also identify...

“WE BLOWIN UP MAYNE,” Mahbod Moghadam on HellaDoge & Mark Zuckerberg

On Saturday Afternoon, Mahbod Moghadam, Co-founder of HellaDoge sat down with the TechGraph editorial...

How is Fintech Industry utilizing AI to its best

Fintech is always constantly focused on developing better financial services for customers. The fintech...

1Win App: Review India Apk for Android and iOS

The company 1Win has been successfully operating in the markets of many countries around...

Bitcoin Price Crash

Bitcoin crypto was launched in 2009. It was the beginning of the digital assets...

AI & Data Science have a bright future: Ankit Sinha, VP of Cloud Practices & Consulting, Searce

Speaking to TechGraph, Ankit Sinha, Vice President (VP) of Cloud Practices and Consulting, Searce...

Cloudflare eyes for IPO, hires Goldman Sachs for valuation

According to the Reuters reports, Cloudflare Inc, a U.S based web security company is...

Tech Trends for Integrated Business Services

Technology has changed the face of business like never before. This is the era...

Adtech space has been dominated by a few DSPs: Mani Gopalaratnam, CEO of Resulticks

Speaking to TechGraph, Mani Gopalaratnam, CEO & CTO of Resulticks has said, "The programmatic...

Feeding India through Ads: A TechGraph Campaign to feed India

As the second wave of Coronavirus (COVID-19) has affected millions of families in India,...