
The Money Club
Mobile platform for peer to peer chit funds.
USD | 2021 | 2022 | 2023 |
---|---|---|---|
Revenues | 0000 | 0000 | 0000 |
% growth | - | 27 % | 118 % |
EBITDA | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Money Club is a digital platform founded by alumni from IIT, INSEAD, and UCLA, designed to democratize community banking. The platform operates in the financial technology sector, specifically targeting the Indian market, often referred to as Bharat. It serves individuals who are looking to save, invest, and borrow money within trusted communities. The business model is based on creating closed, highly trusted clubs where members can bid for funds and receive them within hours, leveraging advanced technology to ensure security and transparency. Users build a good transaction history to move to higher-level clubs, fostering a network of disciplined and verified users. The company makes money through transaction fees and possibly subscription models for premium features. The platform's mission is to bring together 1 million people to join Money Club with other verified peers, making financial transactions more efficient and secure.
Keywords: digital platform, community banking, financial technology, trusted communities, on-demand liquidity, transaction history, secure platform, Indian market, save, invest, borrow.