Mudrex is a US-headquartered and Bengaluru-based fintech start-up launched in early 2018. It is a dynamic platform that has revolutionized the face of cryptocurrency investing with its product gamut, simplifying the journey of retail investors. Mudrex is a Y-combinator crypto platform. It was co-founded by Edul Patel (CEO), Rohit Goyal (Vice President-DeFi), Prince Arora, and Alankar Saxena (CTO), who have graduated from IIT Bombay. Mudrex is an all-in-one global crypto investment platform designed to benefit retail investors to earn better risk-adjusted returns in a volatile market in the long term.
Story of Mudrex
The founders of the company have always been passionate about technology innovation and how it is evolving and benefiting people across the globe. They were fascinated learning about Bitcoin and blockchain technology when they heard about it in 2012. All four of them started exploring and learning about it in groups. They realized that this innovative technology could revolutionize finance for all. After putting in some solid research over the next few years, they came up with ‘Mudrex’, which comes from two words called Mudra and Exchange.
Journey of Mudrex Towards Democratizing Crypto Investments
Initially, the founders started with managing their investments in crypto and building wealth for themselves. However, they soon realized the potential of blockchain and crypto to create a level playing field to build wealth for all investors. That’s when the team of young minds decided to aid retail investors who cover a significant portion of the investment world but are often overlooked. To make crypto investment easily accessible to them, they built Mudrex. Today, the goal of the company is to simplify crypto investments as much as possible for retail or everyday investors.
Products & Services
The company advocates the idea of investing across themes and sectors, giving rise to its flagship product called ‘Coin Sets’. Through Coin Sets, investors can hold different tokens around the theme across the crypto ecosystem. It’s entirely an automated platform which offers hassle-free onboarding of users. Investors can start their crypto journey with as low as $5. The platform also allows them to invest in Coin Sets regularly through its SIP feature.
The in-house Mudrex team designs and curates these Coin Sets with over a decade of fund management experience. They also rebalance the tokens monthly for better risk-adjusted returns. The platform follows an extensive curation process similar to international investment banks. Funds undergo testing on various parameters before being listed on the site. A ‘performance score’ based on historical data of each crypto basket is showcased to aid user decision-making.
NASSCOM Emerge 50 awards
Mudrex has won NASSCOM Emerge 50 awards for its premier product Coin Sets in the year 2021. The company has also won Technology Excellence Award under the category ‘Outstanding Product or Service’ (FinTech) for Coin Sets in the year 2022.
Another major offering, ‘Crypto-as-a-service’, one-of-a-kind API-based enterprise tech. The service enables traditional and crypto-specific brokers, portfolio management services, fintech, etc., to provide reliable and secure crypto investment products to their user base.
Mudrex has also unveiled its new product called Vault recently, where investors can park their money and earn 10% interest on their investments. It is a multi-dimensional company that caters to the varied needs of all its users.
The company aims to provide individuals access to low-risk and high-yield investment funds reflected through our global users. Most of these users are from India, while the rest spreads across the US, Europe, and Southeast Asian markets. The company has raised nearly $21 Million until now since its inception.
Why is Mudrex Unique?
Unlike other exchanges, Mudrex is not a trading platform, but a global crypto-investing platform, which sets it apart from others. The company currently has close to 1 million users and has recorded 2,400% growth in the first quarter of 2022 becoming the world’s largest crypto index investing platform.
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