Hexa Wallet Raises $1 Million For Bitcoin Self-Custody Solutions

  • Hexa Wallet raised $1 million in a pre-seed investing round for development of self-custody solutions.
  • The money raised will go towards developers, designers and driving community involvement.
  • Bitcoin4India and Summer of Bitcoin partnered with Hexa to drive community initiatives for Bitcoin education in India and on campuses.

Hexa Wallet, a UK based FinTech startup recently raised $1 million in a pre-seed investment round in which the funds will be used to design self-custody applications on Bitcoin.

“Learning from our user feedback, we’re well on our way to release more apps to make self-custody the default method to stack sats,” said Anant Tapadia, Founder and CEO of Hexa Wallet.

The team at Hexa intends to use the funds as a means for finding developers, designers and driving community development for their Bitcoin-only software. Summer of Bitcoin – an organization focused on introducing university students to bitcoin and open-source development – and Bitcoin4India, a Indian Bitcoin-only volunteer group, will partner with Hexa Wallet to drive community innovation.

“Our vision is to make it easy for Bitcoiners to draw their friends and family away from the custodial crypto ‘solutions’ to bitcoin,” Tapadia continued. “Eventually leading to a massive domino effect. The fundraiser is a great validation and enabler of our vision.”

Source link Bitcoin Magazine

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