PlutoPe, a decentralized finance (DeFi) startup offering non-custodial crypto wallet services, has raised ₹5 crore (approximately $500K) in a pre-seed funding round led by Indian investor Manit Gupta.
The capital raised will be used to scale its marketing efforts and deepen user acquisition by tapping into global crypto communities, creators, and influencers.
PlutoPe will also expand its global user base, deepen its presence in emerging and under-connected markets, and accelerate the delivery of seamless, user-first crypto financial tools.
The company will also focus on building strategic partnerships with stablecoin issuers, Layer-1 blockchain networks, and forward-thinking banking institutions. The company will expand its team across engineering and marketing functions.
Founded in 2022 by Kumar Chetan Tyagi, PlutoPe is a crypto neo-bank for users and businesses that enables direct ownership and usage of digital assets, removing access barriers such as weak infrastructure, low digital literacy, and complex onboarding processes.
Built for the global crypto-native community, it offers an all-in-one platform that integrates a secure wallet, multi-chain token swaps, real-time remittances, and a globally accepted debit card.
The company claims to have processed over $14.5 million in crypto swaps with a 9% month-on-month user growth rate and 65% active user retention. It is now building out its engineering and marketing teams to accelerate expansion.
PlutoPe is currently targeting an ambitious jump in transaction volume – from $80 million to $2.5 billion – as it builds a decentralised financial operating system combining wallet, swap, and card infrastructure at a global scale, without reliance on exchanges or traditional banks.
The company plans to focus on building strategic partnerships with stablecoin issuers, Layer-1 blockchain networks, and forward-thinking banking institutions.
PlutoPe also plans to launch crypto debit cards across MENA, Southeast Asia, and LATAM, a merchant app for seamless crypto acceptance, and a one-tap fiat-to-crypto on-ramp for Indian users.
Tyagi, founder and CEO, PlutoPe, said, “We believe financial empowerment should not depend on your location, socioeconomic status, or the quality of your internet connection. In a world where billions still lack access to basic financial services, our platform is purpose-built to break those barriers. Whether someone is in a remote village with limited connectivity or in an urban area seeking full control of their digital assets, PlutoPe ensures they can securely and independently manage their finances. We’re building for a future where financial inclusion is not a privilege, but a universal right accessible to anyone, anywhere.”
Manit Gupta, lead investor, said, “PlutoPe signals the next meaningful leap in finance—purpose-built for a world that demands borderless, user-owned access to money. What impressed me most was the team’s clarity and speed. They’re not just building products, they’re reshaping infrastructure for billions underserved by traditional systems. Backing PlutoPe is not just a vote of confidence in their mission, but in the kind of future they’re making inevitable.”
