Ajay Kumar: Creating a new article

2023-08-24T18:42:12Z

Creating a new article

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{{Short description|British financial services company}}
{{Distinguish|Cash App}}
{{Orphan|date=August 2023}}

{{Infobox company
| name = Cashaa
| logo =
| type = [[Private company|Private]]
| industry = [[Financial services]]
| founded = {{start date and age|2016}}
| founders = Kumar Gaurav<ref>name="TechGraph!">{{cite news|title=25. Cashaa|url=https://techgraph.co/crypto/cashaa-kumar-gaurav-on-use-blockchain-for-inclusive-financial-solutions|accessdate=23 April 2015|publisher=cnbc.com|date=2 June 2023}}</ref>
| hq_location = [[London]], [[United Kingdom]]
| num_employees =
| key_people =
| products = [[electronic funds transfer]]
| revenue =
| assets =
| website = {{URL|cashaa.com}}
}}

'''Cashaa''' is a [[United Kingdom|British]]-[[India]]n [[financial technology]] company, operator of the eponymous cryptocurrency exchange.<ref>{{Cite web |date=2022-11-08 |title=Прогресс банков Великобритании по работе с криптой пошел на десятки лет вперед. Возможно ли это в Украине — Forbes.ua |url=https://forbes.ua/ru/innovations/progres-bankiv-velikoi-britanii-u-roboti-z-kriptoyu-pishov-na-desyatki-rokiv-vpered-chi-mozhlivo-tse-v-ukraini-08112022-9606 |access-date=2023-08-23 |website=forbes.ua |language=ru}}</ref><ref name="fortune">[https://fortune.com/ranking/best-small-workplaces-bay-area/2022/ 75 Best Small and Medium Workplaces in the Bay Area][[Fortune (magazine)]]</ref><ref>{{Cite web |last=Taylor |date=2016-02-11 |title=Free vs Paid Apps: Pros & Cons |url=https://appinstitute.com/free-paid-apps/ |access-date=2023-08-23 |website=AppInstitute |language=en-US}}</ref><ref>{{Cite web |last=Keane |first=Isabel |date=2021-10-08 |title=Online scammer fabricates backstory on Waffle House worker carrying baby |url=https://metro.co.uk/2021/10/08/scammer-fabricates-backstory-to-monetize-on-viral-waffle-house-tiktok-15391210/ |access-date=2023-08-23 |website=Metro |language=en}}</ref><ref>{{Cite web |date=2022-11-08 |title=Прогрес банків Великої Британії у роботі з криптою пішов на десятки років вперед. Чи можливо це в Україні — Forbes.ua |url=https://forbes.ua/innovations/progres-bankiv-velikoi-britanii-u-roboti-z-kriptoyu-pishov-na-desyatki-rokiv-vpered-chi-mozhlivo-tse-v-ukraini-08112022-9606 |access-date=2023-08-23 |website=forbes.ua |language=uk}}</ref>

==History==
Cashaa had raised $33 million during the token sale in 2017.<ref name=":0">{{Cite web |last=www.ETBFSI.com |title=Cashaa raises $5 Million from O1ex, set to launch its neo-bank for India - ET BFSI |url=https://bfsi.economictimes.indiatimes.com/news/fintech/cashaa-raises-5-million-from-o1ex-set-to-launch-its-neo-bank-for-india/77902663 |access-date=2023-08-23 |website=ETBFSI.com |language=en}}</ref><ref>{{Cite web |title=Entrepreneur 2022 |url=https://www.entrepreneurindia.com/2022/kumar.php |access-date=2023-08-23 |website=www.entrepreneurindia.com}}</ref>

On 11 July 2020, the CertiK Skynet system, owned by technology-led Blockchain security company founded by [[Computer science|Computer Science]] professors from [[Yale University]] and [[Columbia University]] built to prove the security and correctness of [[Smart contract]] and [[Blockchain|Blockchain protocols]], detected abnormal transactions related to Cashaa's [[Bitcoin]] wallets at blocks 638606 and 638692.<ref>{{Cite web |date=2020-07-12 |title=Биткоин-биржу Cashaa взломали на 336 BTC |url=https://forklog.com/news/bitkoin-birzhu-cashaa-vzlomali-na-336-btc |access-date=2023-08-23 |website=ForkLog |language=en}}</ref> CertiK's security researchers quickly began their investigation to study the attack in detail. Researchers reported that there may be two internal operational errors or that the victim's computer is compromised by a malicious backdoor program.<ref>{{Cite web |title=An Analysis of How Attackers Stole 337 BTC From Cashaa’s Bitcoin Wallets - Blog - Web3 Security Leaderboard |url=https://certik.com/resources/blog/analysis-how-hackers-stole-337-btc-cashaa-bitcoin-wallets |access-date=2023-08-23 |website=certik.com |language=en}}</ref> In July, its own CAS token rapibdly collapsed by nearly 40% after information about a hack of one of its bitcoin wallets.<ref>{{Cite web |date=2020-07-11 |title=Hacker Stole 336 BTC from Crypto Exchange Cashaa |url=https://cointelegraph.com/news/hacker-stole-336-btc-from-crypto-exchange-cashaa |access-date=2023-08-23 |website=Cointelegraph |language=en}}</ref>

In September 2020, crypto banking services platform Cashaa has raised $5 million from Dubai-based O1ex, a blockchain investment and advisory firm and will use the funds to expand into the Indian market and patch the users loss from Delhi OTC hack in July.<ref>{{Cite news |last=Malviya |first=Sagar |date=2020-09-02 |title=Cashaa raises $5 million from Dubai based O1ex, a blockchain investment firm |work=The Economic Times |url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/cashaa-raises-5-million-from-dubai-based-o1ex-a-blockchain-investment-firm/articleshow/77888859.cms?from=mdr |access-date=2023-08-23 |issn=0013-0389}}</ref><ref>{{Cite web |title=London neo-bank Cashaa raises funding to power up India expansion |url=https://www.vccircle.com/london-neo-bank-cashaa-raises-funding-to-power-up-india-expansion |access-date=2023-08-23 |website=VCCircle |language=en-US}}</ref>

In October 2020, Cashaa has announced to launch a crypto-friendly neo-bank in India.<ref name=":0" /><ref>{{Cite web |date=2022-02-22 |title=Crypto friendly neo bank Cashaa launches personal accounts for crypto deposits, gives up to 24% interest |url=https://www.thehindubusinessline.com/info-tech/cashaa-launches-personal-accounts-for-crypto-deposits/article65073980.ece |access-date=2023-08-23 |website=BusinessLine |language=en}}</ref><ref>{{Cite web |date=2020-10-08 |title=Cashaa запустит дружественный к криптовалютам интернет-банк в Индии |url=https://forklog.com/news/cashaa-zapustit-druzhestvennyj-k-kriptovalyutam-internet-bank-v-indii |access-date=2023-08-23 |website=ForkLog |language=en}}</ref><ref>{{Cite web |date=2020-10-27 |title=Crypto Adoption in India - Cashaa Teams Up With Credit Cooperative Society to Offer Cryptocurrency Services at 22 Physical Branches {{!}} CoinCodex |url=https://coincodex.com/article/9803/crypto-adoption-in-india-cashaa-teams-up-with-credit-cooperative-society-to-offer-cryptocurrency-services-at-22-physical-branches/ |access-date=2023-08-23 |website=coincodex.com |language=en}}</ref>

In May 2022, they partnered with [[Shopify]] to allow businesses which use the e-commerce platform to accept payments in cryptocurrency.<ref>{{cite web|first=Ryan|last=Gladwin|title=Why Shopify is doubling down on crypto—even after the crash|url=https://www.fastcompany.com/90756233/why-shopify-is-doubling-down-on-crypto-even-after-the-crash|website=[[Fast Company]]|date=May 17, 2022}}</ref>

== See also ==
{{Portal|Banks}}
* [[Challenger bank]]
* [[Zelle|Zelle (company)]]
* [[Chime (company)]]
* [[Financial technology]]
* [[Monese|Monese (company)]]
* [[Cybercrime]]

==References==
{{Reflist}}

[[Category:Financial technology companies]]
[[Category:Neobanks]]
[[Category:United Kingdom financial services company stubs]]
[[Category:Cybercrime in India]]
[[Category:Cybercrime]]
[[Category:Hacking (computer security)]]
[[Category:Financial services companies established in 2016]]
[[Category:2016 establishments]]

Cashaa (company) - Revision history

Ajay Kumar: Creating a new article