ChitMonks: Giving India’s oldest form of banking a new look
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.
Lakshya: Helping the urban poor save to improve their financial health
Lakshya is a digital savings platform that provides access to formal savings and insurance to low- and middle-income (LMI) segments in India. It promotes the uptake of formal financial services and financial health within the community. This blog explores the journey of Lakshya and the positive impact it hopes to create within LMI segments.
Fello: Follow this team to know about a game-based approach to savings and investments for the LMI segment
Fello is a digital savings and investments platform that provides low- and middle-income (LMI) segments in India with access to formal savings. It promotes the uptake of formal financial services and builds a regular savings habit within the community. This blog explores Fello’s journey and the positive impact it hopes to create within LMI segments.
SureClaim: Improving the healthcare and health insurance experience for LMI users
The InsurTech startup SureClaim works with individuals and organizations to simplify the experience of dealing with hospitalization expenses when needed, assist them with timely processing of insurance claims, and minimize their out-of-pocket spending. SureClaim’s objective is to extend its offerings to low- and moderate-income (LMI) customers in India and improve their experience around accessing suitable healthcare services and claiming health insurance. This blog explores the journey of this startup and the positive impact it hopes to create for this segment in India.
One chit at a time: How has myPaisaa been transforming the traditional avatar of chit funds
This blog look at myPaisaa, a startup that helps people save money and avail hassle-free credit through digital chit funds. Read on to understand how myPaisaa has been exploring the low- and middle-income segment and help them save more.