About the Money Club
- Evidently saving within a group is more efficient than doing it by yourself.
- Each one of us has a social equity that is usually leveraged to borrow money quickly and efficiently in times of need and
- if we have an option to park money where we make more returns than a fixed deposit wont we be interested?
Over centuries, Rotating Savings and Credit associations (ROSCAs) have been used by demographics with a strong social fabric where (interest) groups come together to save, borrow and lend to each other. We believe that this is a strong institution where the credit risk lies with the user and, evidently, individual users are quite good at assessing the credit risk of their peers.
Money Club is formed with the vision to use technology to put the power of banking into the hands of trusted communities across the globe.
The Team You Can TRUST
How The App Works?
Currently all the clubs are formed by the Money Club Team only. We take verified members in a club based on their profile and their transaction history on the platform.