Crypto startup Flippy raises seed round

New age social crypto discovery platform Flippy has announced the launch of its mobile app in India with a fundraising of $1.15 million in a seed round. Redstart Labs, a wholly-owned subsidiary of InfoEdge, has led the round with participation from Entrepreneur First, Justin Caldbeck, Alex Lin, and Anirudh Rastogi.

The funds will be used to focus on building a team of junior and senior-level engineering talent to scale flippy’s operations, the company said in a press release.

Flippy allows users to invest through relatable thematic baskets, making diversification possible with a single click. Users can access a range of informative content through this platform and view investment portfolios of successful crypto-space influencers.

Flippy’s app is being used by the users on their waitlist and will be available on the App Store and Google Play Store soon.

According to the company, it has partnered with leading crypto exchanges such as Bitbns, Krypto and Unocoin, and is in talks with CoinDCX, Zebpay and WazirX to allow users to link their trading accounts and complete their investments from the flippy platform itself.