What Are the Top 10 Cryptocurrency Startups?

Cryptocurrencies have grown in value since their early roots in 2009, when Bitcoin, the world's most prominent cryptocurrency, was developed and launched as the first decentralized cryptocurrency, with a market capitalization of more than 1 trillion dollars.

Since 2012, Bitcoin's value has surged by over 193,000%, hastening the birth of hundreds of different types of cryptocurrencies. The cryptocurrency market is predicted to surpass $1 trillion in value by 2026.

Some of the top Cryptocurrency startups are:

Netki

Netki is a corporation that specializes in digital verification. So far, the company has raised over $3.5 million in two rounds of funding headed by O'Reilly AlphaTech Ventures. 

Netki aspires to be the premier provider of solutions that will help blockchain-based currencies such as Bitcoin to gain global traction. The company's goods adhere to anti-money laundering regulations set forth by international organizations.

Bitpanda

Bitpanda is a cryptocurrency trading platform that trades Bitcoin, Ethereum, and other cryptocurrencies, as well as gold and equities, among other things. It is one of Europe's most valued startups, having raised more than $170 million in fundraising in late March at a valuation of more than $1 billion. 

France, Austria, Spain, Italy, Turkey, and Poland are among the countries where the company already works. It differs from other cryptocurrency exchanges in that it trades equities and gold in addition to advanced assets such as bitcoin.

CoinSwitch Kuber

CoinSwitch Kuber is a cryptocurrency exchange based in India that primarily handles bitcoin transfers. Tiger Global Management LLC, a New York-based hedge fund with $43 billion in assets under management, acquired $25 million in the firm in late April. 

The organization is now estimated at over $500 million thanks to the recent funding. A partner at the hedge fund, Scott Shleifer, told Indian news outlets that the fund is excited to collaborate with a firm that is well-positioned to profit from the country's crypto surge among ordinary investors.

Spring Labs

Spring Labs is developing a technology that will allow large financial institutions to safely communicate data among each other without jeopardizing user privacy. The company has raised more than $68 million in three rounds of funding, with the most recent $30 million raised in late April.

Blockchain.com

Blockchain.com is a bitcoin wallet, exchange, and explorer. The company has raised more than $490 million in capital in six stages, with the most recent round bringing in $300 million in late March. With a user base of over 50 million, the firm is one of the largest pure plays on crypto in the Internet market.

Google Ventures, a fund sponsored by Alphabet Inc., the California-based technology company that has repeatedly championed the rise of cryptocurrency but has not yet invested much in it, is one of the business's leading investors. Alphabet is preparing to open a retail store to compete with Apple and other tech giants.

Fetch. AI

Fetch.AI Limited is a company that sells machine intelligence (AI) solutions for blockchain systems. The company introduced a new generation of its Mainnet system in late March with 30 validators, including Forbole, Outlier Ventures,  and Intones. The startup has collected more than $26 million in three rounds of funding.

These rounds were backed by GDA Group and Outlier Ventures. The company is situated in London, UK.

Solve.Care

Solve.Care is a healthcare and associated services startup that sells a decentralized blockchain-based platform. The company uses a smart blockchain agreement to connect patients with medical specialists and to organize all types of benefits, care packages, and payments inside the system. 

Several significant insurance companies have backed it because its platform can be used to quickly and economically resolve different types of insurance disputes. The startup has so far raised $30 million in two rounds of funding.

Provenance

Provenance is a corporation that promotes goods and distribution network transparency. It runs software that combines blockchain, smartphone, and other open information sources to offer users information about product origins, monitoring, and impact. 

It has collected around 1.2 million dollars in five rounds of fundraising. Digital Currency Group and Working Capital Fund are two of the company's primary investors. It is headquartered are in the USA, San Francisco.

Bitwise

Bitwise Asset Management is a virtual currency index wealth manager that allows investors to invest in cryptocurrencies. The firm just raised $70 million in a Series B funding round sponsored by notable names in the investment industry like Stanley Druckenmiller, the CEO of Duquesne Capital, and David McCormick, the CEO of Bridgewater Associates.

The crypto fund, which manages over $1.2 billion in assets, has big aspirations for the following months, with CEO Hunter Horsley aiming to almost double his number of players by the end of the year.

Cash Chipper

Chipper Cash is a monetary technology firm that enables peer-to-peer payments across borders. The firm has raised more than $152 million in five rounds of funding, with the most recent $100 million raised at the end of last month. 

Chipper Cash is already serving consumers in numerous African countries, including Rwanda, Uganda, South Africa, Nigeria, Ghana, Tanzania, and Kenya. Financial technology is one of Africa's fastest-growing industry areas. The company also plans to grow in the UK.

Written by - Nidhi Gupta

Edited by - Gunjan Nagpal