Home Knowledge base Announcements Celebrate an unforgettable Year 2018 and an even more successful 2019 !

Dear Cashaa Family,

It’s finally here!

December was the peak of an incredible year — Cashaa now has already been in existence for more than 2 years, and this one was by far the most exciting for all of us — let’s have a look and celebrate our achievements together as we build the future!

We started with the mission to bank the unbanked and realized that the biggest issue in the crypto revolution is that most of the communities in the crypto industry are struggling to get banked. So here we are, our initial version is dedicated to those businesses that are fighting with the corrupt centralized world, to make them a better place for all of us.

Finally!! The Crypto Industry has an option!

The wait is over, the launch of our global multi-currency crypto-friendly account has come about, and the first users are here! We had more than 60,000 sign-ups throughout the year, of which already hundreds have registered as users in the past weeks following our launch!

We welcome Crypto Businesses! We know crypto-related businesses are underserved by banks. Our goal is to create a hassle-free banking experience for ICO-backed companies, exchanges, wallets, and brokers. Come and discover the world of crypto-friendly banking.

This does not mean Cashaa is only for crypto companies; any business can open an account to get an IBAN in the same way they are doing now with Bank of America, HSBC or any other high street banks, with both security as well as facilities which existing banks are failing to provide.

As a community-driven “new age banking platform” we decided to go with a 100% fund protection scheme with European Central Institutions; this will ensure that all deposits in GBP and Euros are protected 100% with any leverage. Cashaa will not risk or leverage on any user’s funds as banks do.

All Cashaa accounts are inbuilt with the world’s first Compliant Multisig Crypto Wallet, which brings the benefits of decentralization to everyday use. We developed the most secure 3-Key architecture with inbuilt transaction monitoring. The Cashaa wallet will speed up innovation in the crypto industry with:

For our personal users, there is no monthly fee or onboarding fee; also, based on the community feedback, we have reduced the amounts of CAS required to access advanced features with higher limits!

Pre-register HERE to join the Revolution!

CAS — “Token for new-age banking”

The CAS sale was one of the most self-regulated token sales the world has seen so far; we made sure to follow the guidelines issued by ESMA(European Securities and Market Authorities) about the Prospectus Directive, Fourth Anti-Money Laundering Directive, etc. and did not get carried away with the crypto boom. In Q1 2018, the Cashaa team was working on the wrap-up procedures of our token sale and completing the AML/KYC checks and token distribution. Only 8,507 participants were accepted and obtained CAS tokens. We rejected participants’ contribution of 14.37 Million USD, in order to comply with ESMA guidelines. As a new age banking platform, we are keeping a close eye on the ESMA reports, to make sure we reach our goal of bringing crypto to mainstream. You can see the latest release of ESMA here.

After completion of the token sale process, we locked CAS for our team, advisors, company fund, community, and entrepreneurship fund, as per the roadmap, with an overall 3-years vesting period and with a 12 months cliff, respectively, to ensure everyone’s rewards are based on continuous commitment.

As a result of high the compliance process, around 192 Million CAS became available, which we decided to give to our loyal community members. The run-up to the first PoS token distribution in June certainly was one of the year’s highlights, as it was extended to all token holders, which gave everyone a chance to increase their stake and get rewarded accordingly. From June 2018 to December 2018, we, therefore, ended up distributing an overall 221,434,000 CAS and took the difference happily from our company pool to value Cashaa supporters.

We also got listed on a range of exchanges this year, for the full list where to buy CAS see here.

Top Bankers joined the Team

In 2018, we were honoured to be joined by 28 new members who were excited about our early successes and decided to leave some of the world’s top 10 banks to join Cashaa. Our founders from the new world of crypto were complemented by experts from HSBC, Barclays, Bank of America, JP Morgan Chase, Capital One, ICICI, and Axis.

For the respective team announcements, see here.


Cashaa started in 2018 in style, by celebrating its India launch at Taj Santa Cruz Mumbai, with panel discussions, keynote speeches and fireside chats, complete with a gala dinner for our community, policymakers, and bankers. Kumar’s welcome speech to the attendees

We have been invited to many conferences, of which some of the most notable included Money 20/20 in Las Vegas where we were featured as the top startup from Europe, as well as BBVA Open Summit in Madrid, and London Tech Week.

In addition to further conferences in London and Las Vegas, we also gave presentations in New York, Toronto, Dubai, Mumbai, Delhi, Bengaluru, Hyderabad, Bangkok, Warsaw, Amsterdam, Santa Clara, Kuala Lumpur, and Zagreb, amounting to over 30 valuable conferences. For our full list of events, see here.

Awards & Recognitions

Our innovative solution and dedication to solve some of the fundamental world problems brought us many awards and recognitions in 2018.

We were awarded “Technology Provider of the Year” at the 7th Small Business Awards in New Delhi, India’s most popular awards show for promising small and emerging businesses to get nationwide recognition.

Shortly after, TechCrunch nominated us as finalist for the “Hottest Crypto Finance Project” at The Europas Awards in London.

BBVA Open Talent, the annual competition held by Spain’s second-largest bank, selected Cashaa as one of the top three finalists for the Fintech for People Award, together with sponsoring us as Top Fintech Startup from Europe in Money 2020 in Las Vegas.

KPMG’s and H2 ventures selected Cashaa among the Emerging 50 Rising Stars, as part of their Fintech 100 list worldwide.

Eventually, a fabulous year ended with an award for Kumar as Top CIO, by the Global CIO Forum at Fortune Asia, 2018. See Kumar’s speech

All these achievements and our hard work helped us remain among the Top 100 Most Influential Blockchain companies since early 2017.

With 2018 being a year of accomplishments, we are entering 2019 with a lot more exciting updates! Check our Roadmap for what is in store for Q1 — After opening our onboarding services for European and Uk businesses, we are starting our onboarding for businesses from Southeast Asian countries from 20th Jan 2019.

Stay tuned for more updates on our website in the coming days — all the latest information and new interactive features are waiting for you!

Cheers for a wonderful New Year to all of you,

The Cashaa Team

The Next Generation Banking Platform

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