BitSave, a crypto investment platform based in Bengaluru, has raised an undisclosed amount of funding in a pre-Series A round. The investment was led by Leo Capital, a venture capital firm based in Singapore. The startup plans to use the funds to obtain necessary licenses, improve its product offerings, and increase brand awareness.
What is BitSave?
Founded in 2022 by Zakhil Suresh, Sajal Sharma, Asif Kattakath, and Vishnu Karthikeyan, BitSave focuses on providing simplified, passive, and long-term investment opportunities in the volatile world of cryptocurrencies. The platform mainly targets working professionals and high-net-worth individuals (HNIs).
Currently, BitSave has 520 active users and manages assets worth $450,000. The company aims to expand into other Asian markets by 2025, increasing its global presence.
Simplifying Crypto Market
The cryptocurrency market can be overwhelming for new investors, with hundreds of tokens to choose from. To address this, BitSave offers a unique solution—its flagship product, the BGCI Crypto Index, which tracks the Bloomberg Galaxy Crypto Index (BGCI). This index uses a systematic investment plan (SIP) model, helping to reduce volatility and offer steady, long-term returns.
BitSave also prioritizes safety by storing customer assets in insured institutional custody. It ensures transparency by using blockchain-based Proof of Reserves, so investors can trust the security of their funds.
Products Investor Needs
BitSave’s range of products caters to different types of investors, balancing risk and reward. The BGCI Crypto Index is the platform’s main product, tracking key crypto assets using Bloomberg’s research-backed index.
For investors looking for lower volatility, BitSave offers a hybrid portfolio combining Bitcoin, Ethereum, and gold. This option provides a more stable investment choice while still offering growth potential.
The platform also provides a Bitcoin-only product for those who want to focus solely on the top cryptocurrency. Bitcoin has recently reached record-high valuations, making this product an attractive option for many investors.
Each of BitSave’s products has a management fee structure: 1.5% for the index and hybrid portfolios, and 0.95% for the Bitcoin-only product, ensuring a clear and transparent cost for clients.
