The Money Club is a digital chit fund on the mobile.

Basic Information

The Money Club is a digital chit fund on the mobile. This app is your friend in need and makes saving, borrowing, and investing your money more efficient! The concept is that saving with a group is easier than saving individually. Through this app, a group of trusted members can pool in money every month. This pool of money is awarded to the highest bidder in every period. With the Money Club, you can get access to funds on your mobile, without tedious bank procedures and high interest rates, and it comes in handy when you need funds instantly from time to time to cover expenses. Also, rotating funds in your Money Clubs yields 3-4 times more interest than a fixed deposit. See more

Legal Name

:

MoneyClub Technologies Private Limited

Headquarters

:

Noida, Uttar Pradesh, India

Business Model

:

B2C 

Founding Date

:

2016

No. of Employees

:

11 to 20

Core Team

:
1.

Manuraj Jain

Founder & CEO

Timeline
2016
true
| Company Incorporation
Company Founded

Target Market

B2C

Middle class people looking for saving large amount.

User Age

:

18 to 25, 26 to 34, 35 to 45, 46 to 60

User Income

:

Lower-middle Income, Upper-middle Income

Funding

Investors

:

1.

Venture Catalysts

Detail Round Breakdown

Round 1

$1.7M

Series Name

:

SEED

Date

:

28th Sep 2021

Investors

:
1.

SOSV

2.

Venture Catalysts