Cashaa Raises $5 Million From Dubai Based O1ex, A Blockchain Investment Firm
Published on 3rd Sept, 2020 | 1 min read
MUMBAI: Crypto banking companies platform Cashaa mentioned it has raised $5 million from Dubai primarily based O1ex, a blockchain funding and advisory agency and can use the funds to broaden into the Indian market and patch the customers loss from Delhi OTC hack in July. To faucet into the nation’s rising crypto person base, Cashaa will launch its neo-bank in India, which will probably be regulated below the Reserve Financial institution of India. Aside from India, we may even faucet into the African and Caribbean market,” Kumar Gaurav, CEO & Founder, Cashaa mentioned. In 2017, the London primarily based agency had raised $33 million in the course of the token sale but in addition rejected $14.7 million citing the shortcoming of token consumers to cross its KYC Policy. Cashaa can be the the second firm which didn’t cross the lack of Bitcoin hack to its customers.
