Zakhil Suresh (BitSave)
Overview
Zakhil Suresh is an Indian entrepreneur known for his role as the founder and CEO of BitSave, a crypto investment platform. Born and raised in Kerala, India, Suresh has been instrumental in developing innovative financial products that make cryptocurrency investing accessible and safer for retail investors. With a background in finance and technology, he has leveraged his skills to create a platform that simplifies cryptocurrency investments by offering products like crypto mutual funds. Under his leadership, BitSave has gained attention for its unique approach to crypto asset management, providing tools for long-term, passive investments in a volatile market.
Recent Developments
- Pre-Series A Funding: In November 2024, BitSave secured undisclosed Pre-Series A funding from Leo Capital, aiming to expand in Asia by 2025. The funds will support product enhancements and licensing.
- Growth in Assets Under Management: BitSave's assets under management reported a tenfold increase over the previous year, as highlighted by Zakhil Suresh on LinkedIn.
- Emerging Market Presence: The majority of BitSave's users are based in India, with plans to expand into other Asian markets by 2025 to increase its international footprint.
- Product Expansion: BitSave launched products tracking the Bloomberg Galaxy Crypto Index, catering to new and experienced investors through systematic investment plans (SIPs).
Personal Information
| Attribute | Information |
|---|---|
| Full Name | Zakhil Suresh |
| Born | Kerala, India |
| Nationality | Indian |
| Occupation | Entrepreneur, CEO of BitSave |
| Known For | Founding BitSave, crypto investments |
| Education | Chartered Market Technician (CMT) |
Early Life and Education
Zakhil Suresh hails from Kerala, India, where he spent his formative years. He pursued higher education in finance, eventually becoming a semi-qualified Chartered Accountant from the Institute of Chartered Accountants of India (ICAI). His interest in cryptocurrencies began in 2014 during his studies and continued to grow, leading him to become a Chartered Market Technician (CMT), a qualification that has helped him refine his technical analysis skills in investment.
Career and Notable Achievements
- Founding of Koinex: Suresh was a founding team member of Koinex, India's pioneering multi-asset crypto exchange, which rapidly grew to become the largest in the country before regulatory challenges led to its closure in 2019.
- Establishment of BitSave: In 2022, Suresh co-founded BitSave with Sajal Sharma, Asif Kattakath, and Vishnu Karthikeyan, focusing on creating a safer and structured investment platform for cryptocurrencies.
- Innovation in Investment Products: BitSave introduced crypto mutual funds, a novel concept in India, providing retail investors with a diversified investment option in digital assets.
- Strategic Partnerships: Collaborated with Bloomberg to use the Bloomberg Galaxy Crypto Index, enabling BitSave to offer a licensed and reliable index-based investment product.
BitSave Founder
BitSave was founded by Zakhil Suresh with a vision to democratize crypto investing through accessible and transparent products. As the CEO, Suresh has positioned BitSave as a pioneering platform, simplifying asset selection and minimizing risks for investors who seek exposure to cryptocurrencies without the complexity of direct investments.
BitSave Crypto Mutual Fund
The BitSave crypto mutual fund tracks the Bloomberg Galaxy Crypto Index, allowing investors to engage in passive investment strategies traditionally seen in stock markets but tailored for the volatility and potential of crypto assets.
Conclusion
Zakhil Suresh's contributions to the cryptocurrency sector are marked by his focus on transparency and safety in crypto investments. Through BitSave, he has enabled retail investors to navigate the complex crypto markets with greater confidence. As the platform expands across Asia, Suresh's vision for a regulated and user-friendly investment environment continues to break new ground in financial technology, promising a significant impact on the future of digital asset management.