How much funding has Chitmonks raised?

Chitmonks has raised $650K in total funding, most recently a Seed round.

Where is Chitmonks headquartered?

Chitmonks is headquartered in Hyderabad, India.

What industry is Chitmonks in?

Chitmonks operates in Crypto & Web3, Fintech.

Chitmonks

Building India's largest blockchain network for Savings and Borrowings.

Hyderabad, India · Founded 2016 · $650K raised

Crypto & Web3

Fintech

Headquarters: Hyderabad
Employees: 11–50
Founded: 2016
Business Model: B2C

Website: chitmonks.com
Total Funding: $650K
Last Round: $650K SeedJul 2020
Rounds: 2

About

ChitMonks is a blockchain-based fintech platform building India's largest decentralized network for chit fund savings and borrowings. The company digitizes the entire lifecycle of registered chit funds — from group creation and subscriber onboarding to auction management and payments — using a permissioned blockchain that ensures trust, transparency, and regulatory compliance. ChitMonks connects chit fund companies, government regulators, subscribers, banks, and service providers into a unified paperless and cashless ecosystem, and has partnered with the Telangana government on the T-Chits initiative. Founded in 2016 and headquartered in Hyderabad, the platform had grown to serve 884,225+ subscribers across 20,150+ chit groups as of its reported milestones.

Summary

Chitmonks is a Crypto & Web3 company based in Hyderabad, India, founded in 2016. It has raised $650K in total across 2 rounds, most recently a $650K Seed round in Jul 2020.

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