The CEO and founder of Cashaa, a neo-bank for cryptocurrency firms, Kumar Gaurav, has resigned.
Under Kumar’s direction, Cashaa expanded from a Bitcoin startup into the banking industry, specialising in high-risk and cryptocurrency ventures.
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This change coincides with Cashaa’s deliberate repositioning of its business model to concentrate on offering a global alternative to bank accounts in order to boost the use of cryptocurrencies. Cashaa has stopped providing banking services for cryptocurrencies and other high-risk enterprises. The goal of the account is to increase the usage of CAS, Cashaa’s native token. Former Chief Technology Officer (CTO) Mr. Amjad Raza Khan has been internally promoted to Chief Executive Officer (CEO).
After starting his career as an engineer, Kumar Gaurav created the Ferrari navigation system in 2012. Later, while obtaining a Master’s in Management from Politecnico di Milano, he worked as an IT manager for Molina e Bianchi Industries from 2014 to 2016.
Kumar Gaurav, said: “Founding Cashaa has been one of the most rewarding experiences of my life, filled with challenges and triumphs. From the early days of utilising Bitcoin arbitrage to facilitate fee-free transfers to becoming a neo-bank for crypto businesses, our mission has always been to innovate and serve the crypto community. Despite numerous challenges we built a resilient organisation that has facilitated the movement of billions of dollars for crypto businesses without facing any security breaches or regulatory sanctions.”
About Cashaa
Founded in 2016 by Kumar Gaurav, Cashaa is a gateway to consumer-centric and affordable financial products aimed at consumer adoption of Blockchain without having to understand the technical details of Blockchain technology.
