Hypto, a tech infrastructure platform focused on deconstructing financial products for developers, has raised $3 million in its seed round led by Stellaris Venture Partners.
3one4 Capital and Core 91 along with angel investors such as Amrish Rau of Pine Labs and Jitendra Gupta of Jupiter have also participated in the round.
According to Hypto, the fresh capital will be used to expand its technology team and to build its web services to serve and support fresh financial use cases for technology businesses.
Founded in 2018 by Abhishek Rajagopal, Aravind Sriraman, and Tholkappiyan Velavan, Hypto is democratizing access to infrastructure required to build innovative financial use cases with the belief that developers will transform finance in this decade.
Hypto launched its first stack that supports payments infrastructure in March 2020. The startup claims to have processed over 55 million transactions totalling over $15 billion and currently works with over 10 banks.
