The Money Club funding, investors and company details

The Money Club is an emerging Financial Services - Wealth Management startup from Noida, working in the space of Deep-tech group savings platform in India that enables verified users to pool money. Founded by Manuraj Jain.

Company: Moneyclub Technologies Private Limited
Sector: Financial Services - Wealth Management
Location: Noida
Founders: Manuraj Jain
Total funding raised: ₹21.39 Cr

Company overview

The Money Club is a deep-tech group savings platform in India that enables verified users to pool money together through government-registered chit funds, known as committees or beesis, via a mobile app. It allows over 7 lakh users, mainly from lower middle-class segments, to save safely, invest collectively, and borrow up to 10 times their savings in emergencies with no paperwork. The platform drives financial inclusion by digitizing traditional rotating savings and credit societies (ROSCAs), facilitating ₹380+ crore in pooled funds and 5 million+ transactions across 40+ regions. It has raised $6.5 million from investors including SOSV and LetsVenture and is growing rapidly in India's $100 billion market for informal credit and savings.

Funding rounds

Latest round (Series A): $ 2.50 Mn (₹21.39 Cr.), 2024-12-05. Investors: Prudent Investment, 1Crowd, Venture Catalysts, LetsVenture, z21 Ventures, Supermorpheus