Kassio was initially launch in 2020 by Sachin Singh, Bharat Vivek and Anuj Yadav, the co-founders. The goal was to create or develop the goal to create such kind of platform which makes the crypto transactions to be simple and hassle free for users. Kassio, the Crypto startup has announced the fact that it has raise $1.6 million in the round of pre-seed funding which is led by Aalto Capital. Through raising of the funds, the firm also plans for expanding the company in European & the Indian markets.
The company offers the low-interest with the immediate loans to the users. However, in its exchange, the users may use the crypto as already own like collateral for claiming the loan.
Feature of Crypto Utility and Kassio
Sachin Singh, the co-founder and CEO of Kassio says that it is successful round of funding. The round is the testimony to strength of the project Kassio. The roadmap, Innovation, offerings which brings together the crypto investment & features of crypto utility.
The company provides the crypto card to the users and also the users of card enables to spend the cryptocurrency on regular basis on different products and goods. While crypto is next kind of biggest set of equalizer subsequent to internet revolution, Kassio. However, with the strong set of offerings, this is the project which changes the entire dynamics of community. It is also confident that soon Kassio will become instrumental in offering the quality crypto to the end-users. It will also bring about a wonderful change that world is waiting for in the ecosystem.
The company has secured almost 16 million dollar AUM and almost 9 million dollar of the loan portfolio. With the funds that newly raised, the company also intends to simply strengthen the process of product development. They expand the team of senior management across legal, institutional relationships, design functions and compliance.
