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ChitMonks

ChitMonks, a product by Pangean Global Services Pvt Ltd, is building India's largest blockchain network for the savings and borrowings sector, specifically focusing on Chit Funds. The platform aims to create a trusted, efficient, and inclusive ecosystem by connecting Chit Fund companies, regulators, subscribers, and banks. By leveraging blockchain technology, ChitMonks works to empower and enable next-generation Chit Funds.

Hyderabad, IN

Overview

Description

ChitMonks, a product from Pangean Global Services Pvt Ltd, is developing India's largest blockchain network for the savings and borrowings industry, centered around Chit Funds. The company is creating a decentralized, consensus-driven platform called "ChitStack" to empower and enable next-generation Chit Funds. This ecosystem synergizes Chit Fund companies, regulators, subscribers, banks, and service providers, operating on the core principles of Trust, Efficiency, and Inclusion. Key offerings include ChitInsure (an insurance product for chit subscriptions), ChitPe (a smart collection system), and ChitFunds 2.0 (a new approach to registered chit funds), all designed to streamline operations and build programmed trust among all network participants.