Indian bitcoin start Unocoin secures $1.5m

Unocoin has grabbed a $1.5m funding round for its bitcoin platform.

The investment comes from Blume Ventures, Mumbai Angels, ah! Ventures, Digital Currency Group, Bnk to the Future, FundersClub and Boost VC.

The Bangalore-based company’s platform is designed to allow users to buy and sell bitcoin directly through an Indian bank account.

Customers can also store the cryptocurrency in a wallet or vault it for longer-term storage, as well as use and accept bitcoin.

Unocoin says it will use the capital for product developments and to expand the business and team.

Earlier this year the company launched a mobile point-of-sale app to allow stores to accept bitcoin payments and has since integrated it mobile wallet MobiKwik.

Copyright © 2016 FINTECH GLOBAL

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