Vauld, a crypto wealth building platform, has just announced that it has received an investment of $25 million from a Series A funding round led by Valar Ventures, Pantera Capital, Coinbase Capital, and others. The funding will be used to expand the company globally, and grow its retail crypto banking and investing platform.
Fiat to crypto onramps are still not widespread globally, and a lot of them are inaccessible to potential investors from many different countries. Vauld has partnered with Binance and BitGo to provide a secure and trusted onramp for people to invest in and trade cryptocurrencies.
Darshan Bathija, Vauld co-founder and CEO commented:
“We’ve seen great momentum with Vauld and we attribute it to both our technology as well as our customer support—that’s our strongest suit and it’s proven because when customers start using Vauld, they don’t leave. This capital will help propel Vauld to the next level. We built a platform that is truly user-first and we are humbled that Valar Ventures shares in our vision.”
Bathija also commented on his company’s foothold in India:
“While Vauld is headquartered in Singapore, the majority of our team is in India, and we’ve seen more than 200x growth in our global user base over the last year,” Bathija continued. “We have a clear foothold in India and Valar’s investment is a true testament to the optimism we share for the large and emergent Indian market.”
Valar Ventures is a venture capital firm founded by Andrew McCormack, James Fitzgerald, and Peter Thiel. According to McCormack:
“Valar’s focus is on transformative financial services companies. What cemented the deal is Vauld’s global positioning and ambitions and the vision Darshan and his team have for building their customers’ wealth through crypto. We look forward to Vauld benefiting from our team’s expertise in understanding how to build a global business across emerging tech hubs in Europe, Asia, and North America,”
Vauld has many services its users can take advantage of in order to earn and increase their crypto wealth. With up to 12.68% APY, weekly pay-outs, no deposit or withdrawal fees, and trading and Automatic Investment Plans (AIPs), it is offering users a compelling choice.
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