Crypto startup Kassio raises $1.6 Mn pre-seed round

Kassio, a crypto-for-everyone platform that allows users to buy, sell, borrow, earn and utilize cryptos, has raised funds worth $1.6 million in its pre-seed round. Kassio has raised the investment from two major European investment funds, and Aalto Capital, which has led the round.

Kassio will 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.

Founded in October 2020 by Sachin Singh, Anuj Yadav, and Bharat Vivek, Kassio offers options where a user can stick to the earn feature if the trading feels risky and earn up to 13% profits simply by converting funds into a stable coin pegged to the USD. It also offers a unique crypto card that enables users to utilize their crypto in daily life.

The startup aims to establish itself as one of the trusted and secure platforms in the crypto space with its secure asset management feature and increase the crypto holdings' utility, allowing users/businesses to earn more value from their crypto assets.