myPaisaa Acquired
App-based, regulated digital chit-fund distribution platform founded in 2020 by Ravindranath Kamma and Veera Praveen Reddy, operated by Finsave Technologies Private Limited. myPaisaa digitized traditional chit funds (pooled monthly-contribution savings-and-credit schemes) for users in Hyderabad and Bangalore, with over 50,000 registered users at the time of its 2023 acquisition by micro-savings platform Siply.
myPaisaa: Funding Rounds
No funding rounds tracked for myPaisaa yet.
Acquisitions
News on myPaisaa
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Who founded myPaisaa?
myPaisaa was founded by Ravindranath Kamma, Veera Praveen Reddy, Mounika Lingayagari in 2020.
What does myPaisaa do?
App-based, regulated digital chit-fund distribution platform founded in 2020 by Ravindranath Kamma and Veera Praveen Reddy, operated by Finsave Technologies Private Limited. myPaisaa digitized traditional chit funds (pooled monthly-contribution savings-and-credit schemes) for users in Hyderabad and Bangalore, with over 50,000 registered users at the time…
Where is myPaisaa headquartered?
myPaisaa is headquartered in Hyderabad, Telangana, India.
What is myPaisaa's business model?
myPaisaa's core value proposition centers on Higher returns than bank recurring deposits, Lowest commission in the category, Fully digitized, transparent chit-fund experience.
How does myPaisaa make money?
myPaisaa's cited revenue streams include Chit auction commission (2%).