This blog is a sequel to our previous blog on ChitMonks under the Financial Inclusion Lab accelerator program. Chit funds are an old and essential financial service in India, which remains mainly in the analog mode. ChitMonks are working to digitalize the industry. In this blog, we take you through ChitMonks’ journey, the startup’s progress since the second cohort of the FILab, its struggles and achievements, and its plans.

Awaaz.De provides easy-to-use, cost-efficient, and time-saving mobile solutions for organizations and communities across multiple sectors—education, agriculture, health, and financial services. Its inclusive mobile solutions that use interactive voice response (IVR), SMS, mobile apps, and web, enable organizations to reach the last mile.

Frontier Markets, headquartered in Jaipur, Rajasthan, was founded in 2011 by Ajaita Shah as a last-mile distribution solution for green energy products. Since then, Frontier Markets has evolved from a high-touch to a high-tech digital platform that works with rural women influencers across multiple states in India, adding vital products based on market demand.