Crypto Startup BitSave Secures Pre-Series A Funding to Simplify Long-Term Crypto Investing

Bengaluru-based crypto investment platform BitSave has raised an undisclosed amount in its pre-Series A funding round, led by Leo Capital. The startup aims to make crypto a more investor-friendly asset class by offering simplified long-term investment solutions.

Founded in 2022 by Zakhil Suresh, Sajal Sharma, Asif Kattakath, and Vishnu Karthkeyan, BitSave focuses on providing passive investment products to working professionals and high-net-worth individuals (HNIs). The company’s flagship offering is a crypto index product that tracks the Bloomberg Galaxy Crypto Index, allowing investors to build long-term crypto portfolios through monthly SIPs.

According to the press release, BitSave addresses key pain points in the crypto investment landscape by simplifying asset selection, ensuring transparency, providing personalized support, and prioritizing safety. The startup asserts that it effectively addresses concerns around asset safety by storing client assets in insured institutional custody and making holdings visible on the blockchain through Proof of Reserves and Liabilities.

The proceeds from the pre-Series A round will be used to secure necessary licenses, enhance product offerings, and expand brand awareness, the company stated. BitSave claims to have grown its active client base to over 500 investors, managing assets exceeding Rs 4 crore. The platform aims to expand its operations from India to other Asian countries by 2025, in alignment with its vision of becoming a globally trusted crypto investment platform of choice.