November 26, 2024
BitSave, a crypto investment platform focused on simplifying long-term digital asset investment, has completed its Pre-Series A funding round led by Leo Capital. The amount raised remains undisclosed. Founded in 2022 by former core team members of Koinex, the platform is designed to make cryptocurrency an accessible asset class through products like its crypto index fund, which tracks the Bloomberg Galaxy Crypto Index (BGCI).
By addressing challenges such as asset selection and security, BitSave appeals to passive investors overwhelmed by the multitude of tokens available. Its offerings include Systematic Investment Plans (SIPs) and a selection of top-tier crypto assets curated by Bloomberg. The platform complies with KYC and TDS regulations in India while storing client funds in insured institutional custody, verified by Proof of Reserves and Liabilities. BitSave currently serves over 500 investors and manages assets exceeding $450,000 (INR 4 Crores).
The funding will be used to secure operational licenses, enhance product development, and expand BitSave’s geographical reach beyond India into other Asian markets by 2025. This aligns with the company’s mission to provide a safe, regulated, and transparent platform for long-term crypto investments.
About BitSave
BitSave is a crypto investment platform that offers passive investment solutions tailored for working professionals and high-net-worth individuals. It features a flagship crypto index product licensed by Bloomberg and supports disciplined investing through SIPs. The platform emphasizes safety and transparency, ensuring a user-centric investment experience.
Website: https://www.bitsave.club/
X: @bitsaveclub
About Investor Leo Capital
Leo Capital is a venture capital firm focusing on early-stage investments in technology-driven startups. With a portfolio spanning 60 companies, the firm supports founders through talent acquisition, go-to-market strategies, and global networking opportunities.
Location: Singapore Website: https://leo.capital/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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