Singapore-based venture capital firm Leo Capital has invested in BitSave, a crypto startup founded by a team of Malayalis. BitSave plans to use the funding to acquire licenses, enhance product offerings, and expand brand awareness.

Founded in 2022 by Zakhil Suresh, Sajal Sharma, Asif Kattakath, and Vishnu Karthikeyan, BitSave is a startup that simplifies cryptocurrency investments, much like mutual funds, making it accessible and easy for users.

Currently, BitSave supports 520 users and manages assets worth $450,000. The startup also has plans to expand into other Asian markets by 2025.