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London Based fintech planning to launch banking services tailormade for Indian crypto customers

Updated: Oct 17, 2020

British fintech firm Cashaa is planning to start neo bank in India which will cater to Indian crypto enthusiasts.

Kuman Gaurav, the founder of Cashaa, told Cointelegraph that Cashaa India will allow Indian businesses and individuals to open a savings account with them and buy, store and save cryptocurrencies just like any other financial instrument.

India Fintech Crypto

Cashaa is not new in the crypto market in India it has been providing B2B services to the firms in facilitating crypto trading in India.

Cashaa has also got approval to open similar internet-based neo banks in the UK, Europe, and the United States.

Gaurav said that Cashaa would initially start providing its banking services to Indian cooperatives and will launch its full-fledged services in the next year. The company’s focus is on “three key states” in India, from where it plans to expand throughout the country.

Some notable crypto trading platforms in India are WazirX, Binance, CoinDCX.