Company Information

Get to know myPaisaa

myPaisaa, operated by Finsave Technologies Private Limited, is a financial technology company that has digitized the traditional chit fund model in India. The company's mission is to make chit funds more accessible, transparent, and secure for a new generation of users by leveraging technology. It provides a mobile application where users can join registered chit fund groups, make monthly contributions, participate in online auctions to borrow from the pool, and track their investments, all through a fully digital process. The company is registered with the Registrar of Chits, an undertaking of the Telangana Government, aiming to bring trust and efficiency to the unorganized chit fund sector.

Industry

Financial InvestmentPRIMARY
Financial Other Service

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myPaisaa

India

Founded in

2020 (6 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.