Cashaa raises £3.8m in Series A funding from O1ex to fuel international expansion
Dubai blockchain investor O1ex backed the London neo bank in its latest round.
Cashaa is a crypto friendly neo bank based in London that provides banking services for emerging businesses and digital asset users.
London based neo bank Cashaa has secured £3.8m in a Series A funding round from Dubai blockchain investment firm O1ex. The capital will support the company as it prepares to launch operations in India and expand into African and Caribbean markets, alongside covering user losses from a previous security incident.
Founded to bridge traditional finance and digital currencies, Cashaa provides banking infrastructure tailored for high risk crypto enterprises. The fresh capital follows previous fundraising efforts, including a token sale in 2017, as the firm finalises global cybersecurity standards for its platform.
From the founder
"India has tremendous potential in its fintech sector. We believe that the next big evolution in the Banking and Crypto space can actually happen from India. Hence, we have been actively working on developing products, working on our infrastructure, and recruitments to power our entry into the Indian market. Apart from India, we will also tap into the African and Caribbean market."
Kumar Gaurav
CEO and Founder at Cashaa
Use of funds
- 01Expand into international markets
- 02Scale operations
Investors
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About the company
Cashaa
Cashaa operates a crypto friendly neo bank for digital asset businesses and users.