CoinSwitch Unveils PeepalCo for Wealth-Tech Expansion
CoinSwitch, a cryptocurrency platform, has announced its strategic initiative to launch PeepalCo, a unified brand to encompass its various business divisions. This expansion strategy involves venturing into the wealth-tech sector, where PeepalCo will encompass CoinSwitch, the well-known crypto retail app, and CoinSwitch PRO, an advanced trading platform. The latter is expected to introduce additional investment categories and a specialized wealth management section catering to high-net-worth Individuals (HNIs).
The restructuring plan aims to empower every division within PeepalCo, promoting agility, innovation, and a commitment to the highest compliance and regulatory norms. The Co-Founders and leaders Ashish Singhal, Group CEO; Govind Soni, Group CTO; and Vimal Sagar Tiwari, Group COO will drive the diverse initiatives. The company emphasizes the presence of adept management for each venture to ensure effective operation and proficient leadership.
Ashish Singhal, Co-Founder and Group CEO of the PeepalCo group mentioned, "The new structure is devised to unleash our organization's complete potential and enhance the alignment of our resources. We aim to allocate capital strategically and ensure optimal execution by each business under professional management. PeepalCo will guide our journey ahead, aiming to democratize wealth creation for India".
