Cashaa raises $5 Million for global expansion

Initiating our global expansion plan, covering losses from Delhi OTC hack and applying for the highest certifications of CyberSecurity

1. We are proudly announcing the raise of USD 5 million from Dubai firm O1ex

2. Coming focus on expansion in India by being first neo bank to deal with crypto.

3. Funds are SAFU, we will cover the users’ loss from the Delhi OTC hack in July ‘20.

4. We are in the last stage of achieving certification for the highest global standards of CyberSecurity audits for our Banking platform, the PCI and SOC 2

We are excited to announce the raise of USD 5 Million from Dubai based O1ex, a blockchain investment and advisory firm, which is another milestone for us as the largest crypto-friendly neo-bank on a mission to change the banking industry. Previously, we had raised USD 33 Million during our token sale in 2017, of which we rejected USD 14.34 million due to the inability of token buyers to pass our KYC and AML standards.

Our expansion plan:

As a part of our expansion plans, we are all set to launch our neo-bank for India. Our goal is to pave the way for a crypto-friendly banking system for the country where services will be regulated under the Reserve Bank of India. 

With this, we are planning to tap into the growing crypto user base in India. Cryptocurrencies such as Bitcoin, Cashaa coin, Ethereum and Tether are already part of our banking system, like the US Dollar, Euro, Sterling Pound, and possibly Indian Rupee soon. More cryptocurrencies such as Ripple, Litecoin, Bitcoin Cash and EOS will be added in 2021. 

As we are handling huge amounts of AML and transactional data on cryptocurrency-related banking transactions, we can enable regulators to understand the industry better and help it develop a positive outlook towards the industry. A feat we are planning to repeat in India as well.

‘India has tremendous potential in its fintech sector. We believe that the next big evolution in the Banking and Crypto space can actually happen from India. Hence, we have been actively working on developing products, working on our infrastructure and recruitments to power our entry into the Indian market. Apart from India, we will also tap into the African and Caribbean market.’ – Kumar Gaurav, CEO & Founder

We will also be using part of the funds to patch the July 2020 Bitcoin hack that occurred at our Delhi OTC. Although the attack did not affect our operations directly, our leadership took it upon itself to resolve the issue and ensure the confidence of the users who lost their Bitcoins. The loss stands restored now and all funds are SAFU. During this process, a lot of global investors had approached us with investment proposals, but we accepted the one which enabled it to patch users’ losses and enabled our ambitious growth in India as a neo-bank.  The hack had not impacted our operations, which had remained secure as the attack was on personal systems and was termed as a one-off case.

Furthermore, our prime objective is to ensure that our users always felt secure and hence we immediately used our expansion fund to cover the loss in India. By doing this, we not only set an example to the crypto industry but also became the second company after Binance which did not pass the loss of a Bitcoin hack to its users. Binance too had introduced SAFU, which they have used in the past to cover the loss due to the hack of 40 Million USD. This decision to rescue our users has not only helped us gain interest and confidence from fund managers and VCs but also has made the industry sit up and take notice of our commitment to keeping users’ interest at the core.

Our growth story

In the recent past, despite multiple regulatory challenges, we managed to onboard hundreds of crypto brands, enabling them to run their operations. Also, the last quarter’s onboarding rate grew to 83.16% for crypto businesses from its initial 17.5% in 2019. 

We are now overlooking massive amounts of transactional data coming from crypto companies that enable us to build an AI for transaction monitoring for AML. This has given the regulators comfort to allow us to build our own banking system. Also, this data has given us a huge competitive advantage compared to any bank/financial institution which intended to bank crypto businesses. 

Our achievements:

  1. More than 1500+ crypto companies from all over the world are waiting to be onboarded. 
  2. More than 100+ crypto companies are already using the BETA version which includes brands like Nexo, Paxful, CoinDCX, Unocoin etc.
  3. We are now at the last stage for approval on our banking platform, the final version launch will be done in phases starting from October and completely rolled out by Dec 2020.   
  4. A huge amount of AML and transactional data has been collected in the last 12 months with patterns from multiple businesses such as crypto exchanges, ICOs, STOs, IEOs, wallets, Lending, DeFi, gaming and gambling businesses, etc.
  5. Our team has gained on-ground experience in running banking operations for high-risk businesses. 
  6. Cashaa has been profitable since March 2020, even before releasing our final product. 
  7. We got multiple awards and recognitions like Top 50 Emerging Fintech Business by KPMG, Top 3 Finalist of BBVA Open Talent for “Fintech for People”, awarded Technology Provider of the Year for SME in 2018 and many more. 
  8. Built a strong utility for CAS token which is officially listed on Binance DEX.


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Follow us on Twitter: @yourCashaa  

Join the Telegram discussion at @CashaaLtd

MXC Cashaa AMA with Janina Lowisz

Thanks for participating in the MXC <> Cashaa Telegram AMA.


Our very own lovely Blockchain Girl talked to thousands of MXC Telegram community members. In case you missed the AMA here is the summary of the AMA.


Introduction section where Janina introduced Cashaa to MXC community: 

Cashaa is the largest crypto-friendly neo-bank based in the UK, providing services to more than 1400+ businesses from the crypto industry. Our partners include Paysafe Group and many others, including financial institutions and trusts regulated by the FCA, Central Bank of Lithuania, and Colorado Division of Banking.
Existing services:

1. UK current account

2. Euro IBAN account

3. Card processing, powered by Paysafe

4. Exchange services for BTC, ETH, CAS and USDT in INR, Euro and GBP

Please have a read through the white paper, especially the roadmap section, to know everything important about us and to be able to answer our quiz round later:


Community Questions: 

Janina picked 5 questions whose answers are below. 


1.If you summarize the Cashaa project in one word, what would it be? What are the core features that create the value of CAS. Can you share some highlights from them?

‘Neobank’, as we can give you all the features of traditional banks, but without excluding anyone based on the industry they’re in. 

Since our launch in 2019, we are now the largest crypto-friendly banking service provider in Europe. With a growing utility, and more products being launched in the coming days, CAS coin demand is constantly growing as it is required by everyone in the world who is dealing in crypto. 

2. What is the ecosystem of Cashaa? What is the role of CAS in the ecosystem?

Cashaa ecosystem is everything about banking. We are building a better bank that understands and supports cryptocurrencies.  

Currently, most of our services are only for the crypto businesses, including GBP and Euro IBAN accounts, card processing powered by Paysafe, and Visa Card issuance for Business.

We do have a crypto wallet for personal users with on-chain transaction monitoring, to make sure our users stay compliant and do not deal with bad actors in the crypto world. Our wallet allows storing and converting fiat (Euro, GBP, INR and USD – coming next week) to Bitcoin, Ether, CAS coin, and USDT.

Cashaa (CAS) powers the Cashaa banking ecosystem. As the native coin of the Cashaa platform, CAS has multiple utilities such as application processing fees, set up fees, discounted international wire, exchange fees, transaction fees, and access to crypto-friendly banking services restricted only for CAS holders.

3. Does CAS have lock-up, and community activities to raise awareness and bring mass adoption?

We have a lock-up token for 3 years with an annual vesting period that belongs to the company, team and advisors, and community fund. 

50 Million (5% of total supply) CAS tokens were dedicated to community events, which will be used for community activities and to reward great contributions. 

There are many upcoming initiatives are coming for mass adoption for the awareness of Cashaa among billions of people, one of them which is already announced is Crypto Bulls Roadshow in India in partnership with the government to establish us as one of the successful crypto banks in India. More details at

4. It is challenging to build banking services, what are the problems Cashaa had to go through to build itself? 

Crypto-related businesses are underserved by existing banks. Our mission is to create a hassle-free experience for the entire crypto industry including exchanges, wallets, traders, and holders who are harassed regularly by existing banks, and charged huge fees. 

Thanks to our focus on compliance and AML and our comprehensive tools with which we were able to make crypto transactions compliant with regular banking, we got a huge advantage due to which we got partnerships with banks and other regulated companies. We are just starting with the underbanked crypto industry but our aim is to become the largest banking platform in the world with Bitcoin and CAScoin. 

5.Does Cashaa also support staking? If so, how can users stake their CAS tokens?

We have a staking program of 100,000 CAS to allow personal users to get access to crypto-friendly international banking.  

The opening of personal accounts will start in July 2020. Only 21,000 Personal premium accounts with Visa cards will be issued in 2020 to give our international banking advantages to the early Cashaa adopters. 

Follow Cashaa on Twitter and Join on Telegram to not miss the amazing banking services.


Quiz Section: 

1. Name 3 CAS utilities Banking (Business), Account Limit (Business), Crypto Exchange Fee, Transaction fees, Int. transfer fees and FX Banking (Personal)
2. When we are launching Visa Card programs for exchanges and crypto companies for their community? Q3 2020 (July-September)
3. When will Cashaa launch USD accounts for personal and business users? Q3 2020 (July-September)
4. In which country does Cashaa help you to get a crypto license to start an exchange or crypto business? Estonia

Follow Janina on Twitter to keep in touch after the AMA @blockchaingirl

Cashaa now provides fiat gateway for Binance Chain

UK-based neo-bank Cashaa has developed a fiat gateway for Binance Chain to provide BEP2 tokens direct access with the world’s most liquid national currencies. With Cashaa integration, Binance Chain projects will immediately be able to allow their holders to buy and sell tokens in US Dollar, Sterling Pound, Euro, and Indian Rupees. 

Cashaa’s BEP2 gateway will link the Binance Chain with the UK Faster Payments (FPS), Single Euro Payment Area network (SEPA), National Electronic Funds Transfer (NEFT), Immediate Payment Service (IMPS) as well as Society for Worldwide Interbank Financial Telecommunications (SWIFT) for countries where the local network is not integrated, while the US’ local payment network Automated Clearing House (ACH) and Wire will be connected in the coming month. 

List of payment networks that will be linked with Binance Chain (BEP2):

Testing with the national networks with BEP2 token (CAS) is ongoing, and will go live on 12th April 2020, 18:00 GMT . The US Dollar will be available in May 2020.

Cashaa’s BEP2 gateway will also enable businesses to use the BEP2 gateway to build other financial products such as payment utility, payment gateway for merchants, issue debit and credit cards to spend their BEP2 tokens, and many more. As the native token of the Cashaa platform is CAS, it will be required to use our services, for example, to activate crypto with a national banking network, discount on transaction fees and much more.

Projects that want to be part of Cashaa BEP2 gateway can fill out the following Google form to apply or can get in touch with their relationship manager.

Apply here:

Quarterly bonus program is no longer applicable from 31st March 2020

The quarterly bonus program is no longer applicable from 31st March 2020

Dear Cashaa users,

Cashaa is going to launch its banking product for personal users and we are happy to announce that the team will be releasing the product details in the coming week.

After launching our business account, we had to work hard to scale our compliance system to provide crypto-friendly banking services to the masses. It took us more than 12 months to build a strong AML and CFT program, which is ready to be sent out to regulators and we are expecting it to be approved in the coming months.

As you all know, 20% of revenue coming from business users was distributed as a gift to the community based on the amount they staked for the particular plan. Going forward, the quarterly bonus reward will be cancelled for new users and staking is entirely for subscribing to the personal accounts as started.

However, this decision does not have any impact on users who had made the staking before 31st March 9:30 AM GMT, all such users will keep getting rewarded until their tokens will get unlocked.

Key points are:

  1. No quarterly bonus reward for staking done after 31st March 9:30 AM GMT.
  2. Users who have staked prior to 31st March 2020, will continue to receive the bonus. The snapshot of the total staked token of 31st March is considered as the total token stake until 31st Dec 2020, users will keep getting the reward in the same proportion.
  3. Staking will continue as it was for the personal product subscription.
  4. Bonus details for the quarter Jan- March 2020 detail as per plan is updated in the Quarterly reward sheet.
  5. Token burning of 5% of the revenue from the last 3 quarters will happen soon. Our token burn address is bnb1vzwvxnhshtr59kljyhx9q65dmwdy27yrs49lz2

We will release the personal account details with utility for CAS with robust token economics.

Stay tuned!

The Cashaa Team

The Next Generation Banking Platform

MXC Exchange Listing- Last 24 hrs remaining to complete the CAS deposit

MXC Exchange Listing- Last 24 hrs remaning to complete the CAS deposit

MXC exchange, is top 3 largest exchange, with a daily volume of more than $ 3 Billion USD. MXC has launched a deposit campaign for Cashaa (CAS). If you want Cashaa to get listed on MXC you have to vote now.Dear Community,

The campaign is live and extended for 48 hrs till 11 March, 14:00 (UTC+8).

What do you have to do?

1. Create an account on MXC, using the link or by visiting

2. Click on Assets -> My Assets -> Deposit

3. Select Cashaa (CAS) from the dropdown list and make a deposit of minimum 1 CAS to show your vote. (You can deposit as much as you want there is no max limit.)

Don’t have BNB to pay the network fee?

Ask for free BNB to pay the network fee from

1. MXC angels in MXC English Telegram Group

2. Cashaa admins in Cashaa Telegram Group @CryptoShaolin @dragonfly_c

3. Start a discussion with subject “BNB Network fee for MXC Listing” at


Deposit Reward: Get a 2% bonus.

Users who join the deposit campaign for Cashaa (CAS) during the deposit period are able to receive 2% of the net-deposit amount of the token after Cashaa is successfully get listed. For more detail click here.


You can withdraw CAS in case Cashaa does not win the deposit campaign. If you have any question join our To read MXC’s announcement with further detail click here.

Complete your deposit NOW and also ask other community members to do it!

Together we can reach the minimum required 2000 participants! Let’s show that we have enough token holders to get listed on an exchange.


This is an exchange choice to list CAS at their exchange, no Cashaa employee or management has any involvement in the listing activity. CAS is a public token and it’s the responsibility of users to manage their token.

Your Cashaa Team


Cashaa launched crypto-friendly EU Current Accounts

Cashaa launched crypto-friendly EU Current Accounts

We are proud to announce that Euro IBANs are available to corporate entities from 20th Feb 2020. Cashaa EU current accounts are an alternative to Euro-denominated bank accounts. Companies can easily do business transactions similar to any other bank using their account.

Crypto-related businesses are always underserved by banks. Our goal is to create a hassle-free banking experience for ICO, IEO and STO-backed companies, exchanges, wallets, and brokers.

Our crypto-friendly banking service platform went live in late 2019 with UK current accounts denominated in GBP. In less than 6 months, our business accounts are used by hundreds of crypto businesses around the world to access UK Faster Payments, BACS, CHAPS, and SWIFT.

We are working aggressively on increasing our compliance speed with partners to onboard as many companies as possible. Already more than half of Cashaa’s existing customers have applied for Euro accounts and are waiting to get on board.

Customers will get a dedicated IBAN in the company’s name, authorized and regulated by the Lithuanian Central Bank. The EU account will enable SEPA and SWIFT transactions with no monthly limits. Businesses and HNI based in EEA (European Economic Area) and outside EEA can choose between three plans, starting from €100 per month, and a one-time application fee of 100,000 CAS. Anyone can acquire CAS through the Cashaa Wallet via bank transfer, credit & debit cards, or Binance DEX.

For more details on the EU current account and to apply, click here.