SUMMARY
- PlutoPe raised $500K in a pre-seed round to expand globally and boost product development.
- The platform offers a secure wallet, token swaps, remittances, and crypto debit cards worldwide.
- With $14.5M swap volume, PlutoPe eyes growth in MENA, SEA, LATAM, and strategic fintech partnerships.
In a pre-seed fundraising round, PlutoPe, a finance business providing a non-custodial cryptocurrency wallet, has raised $ 500 K.
As per a press statement from PlutoPe, the new funding will be used for the company’s next stage of expansion, which includes growing its user base worldwide, strengthening its position in underdeveloped and emerging areas, and quickening the supply of smooth, user-first cryptocurrency financial solutions.
PlutoPe, a non-custodial cryptocurrency neobank founded in 2022 by Kumar Chetan Tyagi, aims to provide consumers total sovereignty over their digital assets while combining the ease of traditional banking with the strength of decentralized infrastructure. It provides an all-in-one platform that combines a secure wallet, multi-chain token swaps, real-time remittances, and a globally approved debit card, all tailored for the global crypto-native community.
PlutoPe says it wants to remove obstacles like complicated onboarding, low digital literacy, and inadequate infrastructure so people can access the digital economy. Direct asset ownership and financial access are encouraged for individuals who are frequently excluded from existing systems by its decentralized, user-first methodology.
It integrates card, wallet, and swap infrastructure into a decentralized stack that is built for worldwide use and is independent of exchanges and conventional rails. The business plans to introduce new products, such as a merchant app for cryptocurrency acceptance, a one-tap on-ramp for Indian consumers, and crypto debit cards for MENA, SEA, and LATAM.
The business intends to concentrate on forming strategic alliances with progressive financial institutions, Layer-1 blockchain networks, and stablecoin issuers. It reports a 65% active user retention rate, 9% monthly user growth, and the processing of over $14.5 million in swaps.
