A Crypto Startup in India Raises $650k to Bring “Chit Fund” on Blockchain

Crypto startup ChitMonks has raised $650k in a pre-series A round with the help of early-stage investors Unicorn India Ventures (UIV). The firm aims to revolutionize proceedings by bringing 21st-century blockchain technology to the old-fashion chit-fund market. “At ChitMonks, we are building India’s largest blockchain network for Savings and Borrowings. We synergize Chit Fund Companies,…

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