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Moneyclub integrates group money pooling mechanics with AI for low-income finance

EntrackrEntrackr · 1y
Moneyclub integrates group money pooling mechanics with AI for low-income finance

Noida-based fintech startup Moneyclub aims to provide on-demand liquidity to lower-income groups through group savings. Similar to conventional chit funds, users can pool their money on a monthly basis, known as rotating savings and credit association (ROSCA). Moneyclub's AI-powered platform uses high-frequency, low-value transactions to create a habit-forming experience and make data-driven underwriting decisions. The platform currently has 700,000 users, registers over 125,000 monthly transactions, and has formed more than 105 groups. Moneyclub operates under RBI P2P guidelines and plans to expand partnerships, enhance technology, and scale geographically to southern states in the future.

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