NuminXConcept/Idea StageTopchain Technologies Pvt LtdUnlocking one of India's first crypto mutual funds through our mobile application (Licensed by Bloomberg, Insured at Lloyd's, UPI-based fiat onramps)
NuminX, a Bloomberg-licensed crypto index fund with insurance coverage on AUM by Lloyd's of London, secured cold storage & proof-of-reserves on-chain.
Additionally, we will implement UPI-based fiat onramps--no complicated wallets or exchanges. Through our user-friendly mobile application, investors can gain access to institutional-grade crypto products and invest via lump sum or SIPs. It's time to invest, not gamble.
Startup Description
The Indian mutual fund industry hit a record INR 72 trillion in AUM. It is time to unlock discipline, secure & institutional-grade investment solutions for crypto. Whether you are an accredited or non-accredited investor, you can now invest like institutions and gain access to premium crypto indices like the Bloomberg Galaxy Crypto Index starting at just $100 through our proprietary mobile application. The BGCI has annualised 49% returns over 5 years and has outperformed major global indices and asset classes. At NuminX, our mission is to amalgamate the timeless trust of traditional finance with DeFi innovation and disruption by democratising wealth management solutions. We have a vision to become one of the largest DeFi institutions in the world by maintaining world-class infrastructure.
Looking forward, NuminX will leverage its existing infrastructure to foray into stablecoin-powered cross-border payments for B2B transactions in emerging markets & NRI remittances to India. India received a staggering $129.1 billion in remittances with a 14.1% global market share. The traditional SWIFT system demands high fees and is subject to time delays. We see a clear solution by integrating smart contracts and DeFi protocols on the blockchain with on/off ramps for stablecoin and fiat.
Product Screenshots
Business Model
* Management fee: 1.5% annual management fee.
* Subscription services: NuminX alpha: Institutional-grade advisory.
- Basic plan (per month): $19.99
- Pro plan (per year): $199.99
* Remittance model: NuminX FX: Cross-border payments/remittance arm.
- FX markups
- Fees
Customers
based in
India, Middle East & North Africa, Southeast Asia, Europe
Business
Modal Type
Mobile App
Type of
Sales
B2C, B2B
Competitors
BitSave, Bitwise, Hashdex, Galaxy & Grayscale
Teams
Midhvan Kyal
Founder & CEO
Anurag Upadhyay
Co-founder & CTO
Pranav Chhajed
Asset manager
Kunal Sonwane
Sr Software developer
Dhiraj Jaiswal
Chief Compliance Officer
Tell us a bit about how founding team knows
each other.
I met Anurag at a crypto conference in Mumbai where we immediately struck a chord. Anurag's passion for blockchain technology combine with my vision for building a DeFi platform was enough to synergise and take things forward. We both blend in the disciplinary principles of tradiitonal finance with DeFi disruption and innovation. I have known Pranav, sicne a few years as we both connected at a UK university conference where we connected instantly regarding our philosophy on finance and economics
Why did you decide to start this
company?
The drive to bridge Tradfi and DeFi while empowering investors with secure, transparent & seamless access to the next generation of digital finance.
Are all the founders full-time on this
project?
Yes
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