Cashaa Company Market Research Report
Company Overview
Name: Cashaa
Mission: Cashaa's mission is to bridge the gap between traditional finance and the cryptocurrency world by providing a comprehensive and user-friendly crypto banking platform aimed at creating an inclusive, efficient, and accessible financial ecosystem.
Founded: 2016
Founders: Kumar Gaurav is credited with the founding. Co-founders include Amjad Raza Khan and Janina Lowisz.
Key People:
- Amjad Raza Khan (Co-founder & CEO)
- Janina Lowisz (Co-founder & HR)
- Saswat Das (Chief Operating Officer)
- Alex Norta (Blockchain Architect Advisor)
- Baiba Broka (Legal Counsel)
- Dinesh Prasad (Investment Advisor)
Headquarters:
- Czech Republic: Cimburkova 916/8, Žižkov, 130 00, Praha 3
- India: 602 CTS No 73/A/3, ATL Corporate Park, Powai, Mumbai
Number of Employees: No information is available.
Revenue: No specific revenue figures are mentioned.
Known For:
- Introducing an AI-powered platform for crypto loans and banking services tailored for the crypto industry.
- First peer-to-peer cash transfer application on the Bitcoin network.
- Significant focus on regulatory compliance and security.
Products
1. Buy Cryptocurrency with National Currencies
Description: Allows users to purchase Bitcoin and other cryptocurrencies using seven national currencies.
Key Features:
- Access to major cryptocurrencies
- Multiple fiat currency options
- Competitive prices
2. Earn Program
Description: Earn competitive yields on crypto assets.
Key Features:
- Interest rates up to 34% APR for selected assets like USDT, USDC.
3. Borrow Program
Description: Crypto loan services starting at 0% interest.
Key Features:
- Flexibility in borrowing
- Transparency with no hidden fees
4. CAS Token
Description: Cashaa’s native token that supports the platform’s financial framework.
Key Features:
- Max Supply: 1 billion CAS
- Utilized for decentralized finance operations
- Market strategies include acquiring 100 million tokens from the market.
Recent Developments
- Regulatory and Corporate Restructuring (2024): Finalizing regulatory, product, and corporate restructuring initiatives to support the future growth of the CAS token ecosystem.
- Launch of All-in-One Wallet (Expected May 2024): A new crypto wallet is being introduced to allow users to buy, store, spend, earn, and borrow cryptocurrencies. The launch will expand into new markets including India, Turkey, UAE, Indonesia, Kenya, and South Africa.
- Strategic Shift Away from Business Banking Services (2023): Cashaa has ceased offering new USD and Euro IBAN business banking accounts, expected to fully phase out these services by May 2024.
- Expansion and Partnerships (2020): Announced plans to expand service offerings to India with new partnerships, introducing potential support for additional currencies such as the rupee.
- Hacks and Security (2023): Addressed an over-the-counter (OTC) operation hack in Delhi, compensating affected users, and enhancing security measures.
- Significant Funding (2020): Raised $5 million from Dubai-based investment firm 01ex for expansion and covering previous losses.
Additional Notes
- Industry Influence: Cashaa is poised for growth amid increasing mainstream adoption of cryptocurrency driven by regulatory changes and entry of major investments, taking a proactive approach in addressing banking services for crypto enterprises.
- Licensing and Regulation: Cashaa maintains a stable regulatory footing, particularly noted to be licensed and regulated under Czech authorities.
This information supports Cashaa's positioning in the evolving cryptocurrency and digital finance marketplace, highlighting its adaptability and forward-thinking strategies catered to harnessing greater financial inclusivity within the sector.
