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myPaisaa
Information by Research TrustFinance
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.
India
Industry
Financial