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Home » Money Club Guide » How Money Flows On The Money Club Platform

How Money Flows On The Money Club Platform

  • Manuraj Jain
  • July 21, 2017
  • Last Updated: July 19, 2022
Money Flows

Money Flows On The Money Club Platform

  • Club member with the highest bid, wins the pooled amount for that round.
  • The remaining club members transfer funds directly to the winner’s bank account.
  • The bid winner has to pay a nominal service charge (minimum 0.1% of the pooled amount) to the Money Club’s bank account.

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Note: The Money Club platform does not hold any user’s money at any point in time.

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Siddhant Gupta

CEO’s Office

Siddhant is a B.A., LL.B. graduate from Jindal Global Law School, Sonipat. During his time at law school, he did 10 law and marketing internships with senior Supreme Court lawyers, top law firms and companies, physically attended 4-credit summer courses in business and international laws at Columbia University and University of Oxford, and aced electives such as ‘Chinese business & Economics’ and ‘Principles of Global Business Management & Entrepreneurship’ taught by alumni of the Stanford Graduate School of Business. He joined The Money Club right out of college to kickstart his entrepreneurial journey.

Kishalay Kundu

V.P. Engineering

Kishalay is a tech innovator with a decade-plus development experience in a wide variety of technologies including GPU graphics, HPC applications and more recently, cloud-based fullstack architectures in ecommerce, fintech etc. Kishalay is currently interested in hybrid-tech-stack devops architectures that support programming-language-agnostic innovations.
Kishalay’s educational journey includes stops at IIT Kharagpur, Univ. Manitoba and UMBC.

Randeep Pathak

Club Management Head

Randeep is a B.tech Civil Engineering graduate from Vellore Institute of Technology, Vellore. During his academic years to gain more practical knowledge and a better hands-on approach, he undertook few internships beginning with a technical internship in MP Government and a Marketing internship in Spectrum Medical Industries. Pursuing his inclination and passion towards Management, Sales and Marketing he was a core committee member of VIT’s famous Tech fest ‘Gravitas’ and the Cultural fest ‘Riviera’. To sum it up, he has an overall work experience that amounts to over 5 years, out of which 2 years of experience he gained by working as a Relationship Manager at Aeronube Technology. He is currently working at The Money Club as the Club Management Head since 2018.

Mahesh Ramachandra

Advisor on Fintech

  • Partner, Pontaq Cross Border Innovation Fund and Leadership Council Member – FinTech Centre of Excellence, Government of India www.finblue.in.
  • Founder & Chief Mentor – Commonwealth Inclusive Growth Services Ltd.

Gaurav Suri

Advisor on Capital structuring

  • BTech from IIT Delhi’99 and MBA’07 from INSEAD.
  • An investment Manager of a $300m fund, Livermore Capital AG, Zurich.
  • Previously worked with Deloitte in US.

Rishi Anand

Advisor on all things Legal

  • Partner with DSK Legal.
  • 12 years of experience in domestic and cross-border mergers and acquisitions, foreign direct investments, joint ventures, general corporate, restructuring and reorganisations, with a particular focus on complex, high-end corporate transactions.

Alok Nandan

Advisor on Product Management

  • Alok has over a decade of product management experience in blue chip companies and startups.
  • He is an engineer from IIT KGP, MS and PHD from UCLA.
  • Currently a General Partner with Emergent VC, a silicon valley based venture capital firm investing in the Indi-US corridor.

Ramanna Sathyanarayana

Advisor on Engg

  • He has 20+ years of experience as a Director at SAP, California.
  • low level system software, Database, High Availability and Disaster Recovery, Software Security, Distributed Computing, Performance and complex application software.
  • Masters in Computer Science from IIT Delhi.

Vikrant Singh

Head of Operations

Vikrant is a bachelor of science and a truly creative person. He is the first point of contact with the customers. Handling customers’ queries and helping them become a part of the Money Club is his core role but one can also find him working on various other roles like that of a product manager. He is diligent, highly motivated and has an engaging and friendly personality.

Surajit Ray

CO-Founder and CTO

Surajit is an engineer from IIT Kgp. He joined Schlumberger right out of college for 2 years, then worked at (Halliburton Logging Services) Asia Ltd. for 1 year, and later joined Jawaharlal Nehru University (JNU) as a research associate. While at JNU, he designed and developed a solution in Java for predictive analytics for toxicity of novel drug candidates and took part in other research projects. He has been a CTO for 3 other ecommerce startups, and founded Rareindianart and Aqpredict Solutions. He was the Chief Architect for Apollo Munich Health Insurance for 4 years.

Manuraj Jain

Founder and CEO

Manuraj is an engineer from IIT Kgp and an MBA from INSEAD, France. In his early days he worked for Schlumberger as an oilfield engineer in the US, Middle East and India. Later he joined a start-up, Intellecap in Mumbai and worked on strategy, research and capital structuring for MFIs in India. Post his MBA from INSEAD he founded Vinculum Capital Partners which is a Strategy and Capital advisory boutique specializing in small and medium enterprises ( from 50 crs to 300 crs in turnover).

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