Login

News Post

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.

1
View Source

Comments

More Like this

USDFC extends $50 mn debt funding to Vastu Housing Finance

USDFC extends $50 mn debt funding to Vastu Housing Finance

Multiples PE-backed Vastu Housing raises fresh capital from foreign investor

Multiples PE-backed Vastu Housing raises fresh capital from foreign investor

AVIOM HFC Raises $10 Mn Debt From BlueOrchard Microfinance Fund

AVIOM HFC Raises $10 Mn Debt From BlueOrchard Microfinance Fund

Shriram Finance raising $500 mn via offshore vehicle, gets anchor investor

Shriram Finance raising $500 mn via offshore vehicle, gets anchor investor

Ummeed Housing Finance closes $70 million round led by A91 Partners at $300 million valuation

Ummeed Housing Finance closes $70 million round led by A91 Partners at $300 million valuation

Nexus Venture Partners sells 5.97% stake in India Shelter Fin for Rs 482 Cr

Nexus Venture Partners sells 5.97% stake in India Shelter Fin for Rs 482 Cr

Aadhar Housing Finance IPO: Should you subscribe to Rs 3,000 crore issue?

Aadhar Housing Finance IPO: Should you subscribe to Rs 3,000 crore issue?

Ola Financial Services Turns Profitable In FY22, Posts INR 9 Cr Profit

Ola Financial Services Turns Profitable In FY22, Posts INR 9 Cr Profit

Inside Goldman Sachs' expanding but risky lending to private equity funds

Inside Goldman Sachs' expanding but risky lending to private equity funds

Zenity Raises $16.5 Million in Series A Funding to Enhance Security for No Code/Low Code Apps

Zenity Raises $16.5 Million in Series A Funding to Enhance Security for No Code/Low Code Apps

Download the medial app to read full posts, comements and news.