Kassio receives Pre-Seed Funding of $1.6 mn

Cryptocurrency platform, Kassio announced that it has raised $1.6 million in its Pre-Seed funding. This funding round was led by Aalto Capital. Kassio enables users to buy, sell, borrow, earn and utilize cryptos on its platform. Earlier, the crypto platform also raised funding from two major European investment funds in the month of February this year. The crypto platform was founded by Sachin Singh, Anuj Yadav, and Bharat Vivek in October 2020. The founders have rich experience in product development and blockchain technology. Informing about the latest funding, co-founder of the firm, Sachin Singh said: “This successful pre-Seed funding round is a testimony to the strength of our project Kassio, its roadmap, offerings, and the innovative product that brings together crypto investment and much-required crypto utility features”. The company informed that the funds raised will be utilized to expand and launch its operations in the Indian and European markets and to fuel the product development process. It will also use them to acquire more talent for the senior management across its legal, compliance, institutional relationships, and design functions.