Crypto asset investment solution Flint has raised $5.1m from a seed funding round led by Sequoia Capital India and GFC.
Also taking part in the round were Coinbase Ventures, Better Capital, MSA, IOSG, Hashed as part of 11 institutional investors. Alongside this, sixty angel investors also took part, including Terra founder Do Kwon and Netflix India director Abhishek Nag.
Founded in 2021, Flint is a crypto investment solution that targets users who are looking to diversify a portion of their wealth into crypto. A key part of the company mission is to ‘educate the market about the basics of cryptocurrency, its benefits and associated risks.
According to Flint, the new funding will be used to speed-up bringing early users on board, enhancing the product based on early feedback, design and product functions and hiring for senior positions across engineering.
The company is also planning to allocate a substantial portion of the funding to strengthen legal and risk functions, ensuring compliance with legal and regulatory norms and going above and beyond market standards to reduce business risk.
Flint co-founder Anshu Agrawal said, “Flint’s mission is to make cryptocurrencies easy and accessible to everyone. We are at the tip of the iceberg and the opportunity that Web3 provides for the world is massive. As a brand, we simply intend to demystify crypto, provide easy-to-use products, and introduce a billion people to our inevitable future, ensuring Web3 becomes a part of our everyday lives.
“We also want to thank all our investors for placing their trust in us, our mission, and for joining hands with an aim to make Flint the first-choice crypto app across the globe, where users can earn high and stable yields on their crypto assets via plenty of investment opportunities”.
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