VC Fund Investments
Crypto platform Flint raises $5-M led by Sequoia Capital India
Bengaluru-based Crypto startup Flint has raised a $5.1 million seed funding round led by Sequoia Capital India and GFC. Coinbase Ventures, Hashed, IOSG, Better Capital, Antler India and MSA Capital participated in the round along with other 11 institutional investors and angels. The angels include Kunal Shah (founder, CRED), Sandeep Nailwal (co-founder, Polygon), Jaynti Kanani (co-founder, Polygon), Do Kwon (founder, Terra), Nitin Gupta (co-founder, Uni), Kunal Bahl and Rohit Bansal (co-founders, Snapdeal), and Tanmay Bhat. The newly raised funds will be used to enhance the company's product and hire across engineering, design and product functions. Flint also plans to allocate a significant portion of the funding to strengthen legal and risk functions, ensuring compliance with legal and regulatory norms. Flint aims to offer an investment opportunity beyond buying and selling crypto, enabling users to earn passive income. The company currently offers a simple and stable income opportunity where users can earn up to 13% per year on their deposited funds
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