Crypso, a community-led investing platform for cryptocurrencies, has raised $3 million in seed funding led by Hashed Emergent, Athera Venture Partners, Better Capital and Whiteboard Capital. Other angel investors such as Sandeep Nailwal, Jaynti Kanani, along with Kunal Shah have also participated in this round.
The fresh funds will be utilised to grow its user base and increase the breadth of product offerings and technology, Crypso said in a press release.
Founded in 2022 by Truebil founders Suraj Kalwani, Ravi Chinaria, and Rakesh Raman, Cryspo is a social trading application that solves for underserved community behaviour. Users can see the portfolio and trading strategies of their peers and influencers, join community group chats around areas of their interest, share their portfolio with communities for feedback and execute trades based on social signals.
Crypso claims to have 50,000 registered users on the platform and it aims to hit one million active users in the next 8-12 months. This is the second entrepreneurial gig for the founders of Crypso who sold out their previous startup Truebill to Tiger Global-backed Spinny for an undisclosed amount.