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Cashaa Neo Blockchain Crypto bank To Enter US market in October

Cashaa Blockchain crypto Neo Bank plans to expand into the USA as well as India and then the UAE and KSA

During “7 Minutes to UNLOCK “ live interview with Founder and CEO of Cashaa, the Neo Banking platform built on blockchain with a focus on serving crypto related businesses,  Mr. Kumar Gaurav gave his views on  crypto, on the future of banking, DeFi, as well as his position on what makes Cashaa successful and the future plans for the business.

According to Cashaa website, their goal is to create a hassle-free banking experience for the IEO, ICO, ST, exchanges, wallets and brokers. As Gaurav mentioned in the interview, “Cashaa is the only Neo Bank in the world that deals with fiat and crypto at the same time. It is a well regulated and structured entity and has done a lot to ensure it is compliant when it comes to AML and KYC”

In 2019 Cashaa rebranded the company from P2P Cash transfer services to Asia and Africa into Blockchain banking. In 2021 it plans to launch the Cashaa banking platform in India. Today Cashaa claims that it is a banker for 60% of the crypto market.

Recently Cashaa received $5 million in  investment from O1EX based in the UAE. According to Gaurav the valuation is private. He states, “O1EX will have equity in our Indian entity as they now own part of the business in India. As for the investment we will be utilizing it to develop insured digital assets on the platform as well as use it for the expansion into Indian market where we will be launching the Cashaa banking platform”

Cashaa already has operations in major markets including United Kingdom, Europe and USA and the expansion into India is next as well as MENA countries because of the similarities in culture. As he explains, “ Once we have an operation in India we will replicate this experience in the UAE, Kingdom of Saudi Arabia and Oman as well as other MENA countries”

Regulatory Environment

When asked about regulatory environments in various countries Gaurav is supportive of regulatory entities and states, “ Most regulatory environments are the same whether you are in USA, Europe or UAE as their primary concern is the same because they don’t want their country or banking system to be used for money laundering or terrorism. Some regulators have more understanding of crypto and blockchain than others”

Cashaa has been essential in assisting regulators who want to understand the crypto ecosystem as it has shared hundreds of thousands of data directly related to crypto companies who are working in STOs, Crypto ad DeFi. As Gaurav explains, “We have provided regulators with valuable information when it comes to money laundering, failure rates which will help them to better manage not only crypto banking providers but also regular banking sector. It took us two and a half years to be able to receive a license in the United Kingdom, but once we got it, it will make it easier to acquire others”

Cashaa which has been profitable since March 2020 has chosen to start its operations in one of the most heavily regulated countries in the world, the UK and now USA. As Gaurav explains, “We want to create a better bank, a better HSBC, a better CITI and as such we remained off the radar until we had on boarded our first 100 customers to build the neo bank and crypto ecosystem of the future”  Gaurav strongly believes that Crypto is the future of humanity and will change the way ecommerce is done.

The future of Cashaa

As for the future Gaurav states that they will be aggressively entering the US market in the next six months with their own Neo Banking platform which will be launched in the next four weeks.” He adds that although Kraken has just recently received a license, Kraken cannot provide banking services to Binance or Coinbase while Cashaa can. He points out, “We are a banker for everyone”

Gaurav believes that DeFi is the future of finance. He explains, “With Bitcoin we dealt with decentralized money but we need decentralized institutions and that is possible with DeFi and I believe that this will boom in the next 36 months.”

He explains further, lending needs a separate license and as such Cashaa will be launching is DeFi lending protocol because we are already integrated with every network on the banking side. If we can enable decentralized lending we can bring insurance sector and connect the DeFi lending system with real world banking, so users can use the funds lending on their MasterCard, for real-estate, hospital bills, because 90% of the loaned money will go into real world projects. The next revolution is DeFi portocols connected to banking sector”

Cashaa and GCC Market

As for Cashaa and its expansion into GCC market, Gaurav states, “GCC and MENA are a very interesting market, different from the Western and Asian banking ecosystem. For example there are Islamic rules that need to be integrated, as well as different user experience. We have started doing our research and once we have launched in India we will look into UAE and KSA”


As for the question raised on the need for future investments for Cashaa, Gaurav stated that he is not personally open to accepting a lot of investment. He explains, “I want to create something in banking like that of HSBC and Citi so the less investment and more organic growth is what I am focused on. We have a strong community supporting Cashaa and since I believe in decentralized funding to bring on many institutions and investors.” At the moment he is comfortable with the funding received so far but will be raising 10-15 million USD for the US market”


Lara Abdul Malak

Lara has been a journalist and writer in the technology field since her graduation from AUB majoring in political science. She has had career in corporation communications in the telecom sector and was part of the launch of first 3G network in the GCC and MENA region. Since her return to journalism she has been focused with passion on blockchain, tokenization, crypto focusing on the GCC and MENA region.

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