Crypto Quill

Bengaluru-based BitSave secures funding for growth and expansion

BitSave, a crypto investment platform focused on long-term passive investment solutions, has successfully raised an undisclosed amount in its pre-Series A funding round. The investment round was led by Leo Capital and will be used to enhance product offerings, secure necessary licenses, and expand brand awareness, according to a press release from the company.

BitSave: Simplifying Crypto Investment for Working Professionals and HNIs

Founded in 2022 by Zakhil Suresh, Sajal Sharma, Asif Kattakath, and Vishnu Karthkeyan, BitSave targets working professionals and high-net-worth individuals (HNIs) by offering simplified crypto investment products. The platform’s flagship offering is a crypto index product that tracks the Bloomberg Galaxy Crypto Index, with a provision for monthly systematic investment plans (SIPs), enabling users to invest in a diversified crypto portfolio in a low-maintenance, passive manner.

“BitSave aims to make cryptocurrency an investor-friendly asset class by providing long-term investment solutions that address the critical pain points in the current crypto landscape,” the company said. These include simplifying asset selection, ensuring transparency, offering personalized support, and prioritizing safety.

Ensuring Asset Safety with Institutional Custody

One of the key differentiators for BitSave is its focus on the safety of its investors’ assets. The company stores client funds in insured institutional custody, ensuring that assets are protected while offering visibility through Proof of Reserves and Liabilities on the blockchain. This approach provides investors with added confidence in the platform’s security practices.

Growing Client Base and Future Expansion

BitSave has already made significant strides in growing its user base. The platform claims to have over 500 active clients and currently manages assets worth more than ₹4 crore. The company has ambitious plans for the future, aiming to expand its reach from India to other Asian countries by 2025. This expansion aligns with BitSave’s vision of becoming a globally trusted crypto investment platform.

Looking Ahead: Aiming for Global Recognition

With its recent funding round and a clear plan for expansion, BitSave is positioning itself as a key player in the crypto investment space. By focusing on transparency, security, and ease of use, the platform aims to democratize crypto investment and build a more accessible ecosystem for both retail and institutional investors.

As the crypto market continues to evolve, BitSave is determined to provide its users with a safe, transparent, and investor-friendly experience, with plans for further growth and expansion into international markets.