Company Information

Get to know The Money Club, India

The Money Club is a mobile-first platform that digitizes the traditional concept of a chit fund, a type of rotating savings and credit association (ROSCA). The company's mission is to provide a safe, transparent, and efficient way for individuals to save and borrow money within a trusted group, without relying on traditional credit scores. It leverages technology, including an AI-based underwriting model, to verify and onboard users, manage collections, and facilitate fund transfers, making the process more accessible and secure than informal chit funds.

Industry

Financial FundraisingPRIMARY
Financial Other Service

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The Money Club, India

India

Founded in

2016 (10 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Reviews

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

Security Information :

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Security Information

Warning

This company is currently Unproved.

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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.