Bengaluru-based crypto investment platform BitSave has raised an undisclosed amount in a pre-Series A funding round led by Leo Capital, a Singapore-based venture capital firm.
The startup plans to use the funds to acquire licenses, enhance product offerings, and expand brand awareness.
What does BitSave do?
Founded in 2022 by Zakhil Suresh, Sajal Sharma, Asif Kattakath, and Vishnu Karthikeyan, BitSave targets working professionals and high-net-worth individuals (HNIs) seeking simplified, passive, long-term investment opportunities in the volatile crypto market.
The platform currently supports 520 active users and manages assets worth $450,000, with plans to expand into other Asian markets by 2025.
Tackling crypto complexities
The crypto market, with its vast array of over 100 tokens, can be intimidating for novice investors. BitSave aims to streamline this process with its flagship product—a crypto index tracking the Bloomberg Galaxy Crypto Index (BGCI). This product uses a systematic investment plan (SIP) model to mitigate volatility and promote consistent, long-term returns.
The platform also prioritizes safety by storing client assets in insured institutional custody, providing transparency with blockchain-based Proof of Reserves.
Meeting diverse investor needs
BitSave’s product lineup is tailored to meet the needs of diverse investors, offering solutions that balance risk and reward. Its flagship product, the BGCI Crypto Index, tracks major crypto assets using Bloomberg’s Galaxy Crypto Index, which is curated to prioritize research-backed selections over simple market capitalization rankings.
For investors seeking lower volatility, BitSave offers a hybrid portfolio that combines Bitcoin, Ethereum, and gold, providing a more stable investment option without sacrificing growth potential.
Additionally, the platform features a Bitcoin-only investment product, designed for those looking to gain direct exposure to the leading cryptocurrency, which has recently reached record-high valuations.
Each product is supported by a management fee structure, with charges of 1.5% for the index and hybrid options, and 0.95% for the Bitcoin-only product, ensuring a straightforward and transparent approach for clients.