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Building Citizen Centric,
Financially Inclusive Bharat

A Decentralized, Distributed, Consensus Driven ChitStack.

Creating, Empowering and Enabling next-generation Chit Funds.
about

About Us

At ChitMonks, we are building India’s largest blockchain network for Savings and Borrowings. We synergize Chit Fund Companies, Regulators, Subscribers, Banks, Service providers, EcoSystem enablers to drive the largest trusted network of Savers and Borrowers platform. Our ecosystem will stand for three things Trust, Efficiency and Inclusion.

We are building the next generation systems where the trust is programmed across all the participating members in the network.

Why Join this Network?

Protects Millions of subscriber's money

Proactive administration / Regulation

Catalyze Financial Inclusion in your State

Paperless, Presence less and Cashless – Digitize end to end

Access to working capital to fund your new Chit groups

Alternate Revenue models

Improved Risk underwriting

Scale like never before with the help of technology

Trust in the group operations are guaranteed

Complete privacy designed by Consent framework

Build your credit profiles bottom up

Access to Value Added Services - Real financial inclusion

Open to innovate new business models and services

Trusted network to offer your services

Partner model with very low acquisition costs

Scale your business

network
network

Why Join this Network?

Protects Millions of subscriber's money

Proactive administration / Regulation

Catalyze Financial Inclusion in your State

Paperless, Presence less and Cashless – Digitize end to end

Access to working capital to fund your new Chit groups

Alternate Revenue models

Improved Risk underwriting

Scale like never before with the help of technology

Trust in the group operations are guaranteed

Complete privacy designed by Consent framework

Build your credit profiles bottom up

Access to Value Added Services - Real financial inclusion

Open to innovate new business models and services

Trusted network to offer your services

Partner model with very low acquisition costs

Scale your business

The Largest Network of Savings and Borrowings Chain powered by Blockchain

With a team of top technology and finance professionals, ChitMonks envision to bring access to different financial services to all subscribers participating in the network through our partners and ecosystem enablers.

Regulators

State government departments administering Chit Funds

Chit Fund Companies

Registered entities authorized to run Chit Groups

Subscribers

Citizens participating in Chit groups

Banks

Participating banks where companies are depositing the collected money

Ecosystem Enablers

Open for innovators

Service Providers

Open for innovators

Why should a subscriber invest in Registered Chit funds?

  • Registered Under Central Act
  • Secured - because of regulators
  • Better Returns
  • Loans with low Interest
  • Better control over Borrowing rates
  • Deferred Tax

We Power the Technology of the following Chit fund companies

IBG eChits
Akshaya Nidhi Chits
Valuemax Chits

Impact Created

1

State

1350+

Offices

17000+

Groups

700K+

Subscribers

16000+

Crores per Annum

9+

Months

Testimonials

Team

Pavan

Pavan Adipuram

Founder & CEO
Malla

Malla Reddy

Founder & CTO
Sidhu

Sridhar Reddy

Founder & CIO
Praveen

Praveen

Founder & COO
Anvesh

Anvesh Pedada

Senior Developer
Gera

Shivam Gera

UX Designer & Developer
Ganesh

Ganesh R

UI Developer

Krishna B

Blockchain Developer

Niharika A

Test Analysts

Ajay

Tech Support

N Vasantha

Tech Support

Anusha

Tech Support

Valli Reddim

Test Analysts

Chit Fund made easy

Our customer centric app which is available through our partners, will give the subscribers the world class experience to do Chit Funds.

App StoreGoogle Play

5K+
Total Downloads

Track your chit
progress

Pay your subscriptions
through UPI

Manage your chit documents
through the app

Ability to participate in
online auctions

Notifications about your
payments

mobilr

Our Associations