ChitMonks logo โ€” Blockchaining Chit Funds in India. Building a financially in...

ChitMonks

Blockchaining Chit Funds in India. Building a financially inclusive Bharat ๐Ÿ‡ฎ๐Ÿ‡ณ

Founded 2016 India India 11-50 employees Seed Total: $767.00K Blockchain, Finance +3

General Information

Company Name ChitMonks
Founded Year 2016
Location India India
Founders / Decision Makers
Team member
Employees 11-50
Industries Blockchain, Finance, Financial Services +2
Funding Stage Seed
Social

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About ChitMonks

ChitMonks is a blockchain startup based in India that aims to revolutionize the chit fund industry. Since its founding in 2016, the company has been dedicated to making investments in chit funds more accessible, credible, and rewarding. ChitMonks has been recognized for its innovative approach, winning the Gold award at the national level for implementing emerging technologies like blockchain in chit fund operations. The company's vision is to build a financially inclusive Bharat by creating Indiaโ€™s largest blockchain network for savings and borrowings. ChitMonks aims to synergize various stakeholders including chit fund companies, regulators, subscribers, banks, and ecosystem enablers to establish a trusted network for savers and borrowers. The company stands for trust, efficiency, and inclusion in its ecosystem. In July 2020, ChitMonks secured a $650.00K Seed Round investment from Unicorn India Ventures, indicating the confidence of prominent investors in the company's vision and potential. With a focus on blockchain, finance, financial services, and fintech, ChitMonks is poised to make a significant impact on the chit fund industry in India.

Business keywords: Chit Funds, Financial Inclusion, Savings, Borrowings, Trust, Regulation, Emerging Technologies, Investments, India, Ecosystem Integration

Funding Rounds & Investors (4)

View All
Funding Stage Amount Investors Lead Investors Date
Seed Round $650.00K 1
Unicorn India Ventures
01 Jul 2020
Seed Round Undisclosed 1
Bharat Inclusion Initiative
25 Apr 2019
Angel Round $117.00K 1
Kishore Ganji
17 Feb 2018
Seed Round Undisclosed 1
Kishore Ganji
01 Mar 2017

ChitMonks Alternatives & Competitors

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FAQ About ChitMonks

Blockchaining Chit Funds in India. Building a financially inclusive Bharat ๐Ÿ‡ฎ๐Ÿ‡ณ
ChitMonks was founded in 2016.
ChitMonks is headquartered in India.
ChitMonks operates in Blockchain, Finance, Financial Services, Fintech and Lending and Investments. Its work centres on Chit Funds, Financial Inclusion, Savings and Borrowings.
ChitMonks has approximately 11-50 employees.
ChitMonks has completed 4 funding rounds, raising a total of $767.00K. The latest funding stage is Seed.
Top alternatives and competitors to ChitMonks include The Money Club, India, BezoMoney (Techstars โ€˜23), Finomis Investmart LLP, ZFunds, TrustEgg. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
ChitMonks and The Money Club, India are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for ChitMonks, https://bouncewatch.com/company/chitmonks, updated 10 October 2024. When citing, please name BounceWatch and link this page.

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