PlutoPe, an Indian fintech startup operating in the decentralized finance (DeFi) space, has secured $500,000 in a pre-seed funding round led by angel investor Manit Gupta, aiming to support its global growth strategy, according to a statement by the company.
Founded in 2022 by Kumar Chetan Tyagi, PlutoPe is building a non-custodial crypto neobank that offers users complete control over their digital assets while maintaining a seamless user experience modeled after traditional banking systems.
Its all-in-one platform features:
- A secure crypto wallet
- Real-time remittances
- Multi-chain token swapping
- A globally accepted debit card
These services aim to empower global digital communities looking for independent alternatives to conventional banking.
PlutoPe’s mission is to lower barriers to entry into digital finance, addressing challenges such as poor infrastructure, low digital awareness, and complicated onboarding, with user-first, accessible tools that support direct asset ownership.
Planned upcoming launches include:
- Crypto debit cards in the MENA, SEA, and LATAM regions
- A merchant-focused app for crypto payment acceptance
- A one-tap deposit feature for Indian users
The company reports 9% month-over-month user growth, 65% active user retention, and over $14.5 million in processed token swaps.
Looking ahead, PlutoPe is exploring partnerships with stablecoin issuers, Layer-1 blockchain networks, and progressive banking institutions to further extend its global reach and ecosystem development.
