New Delhi, July 3 -- ChitMonks, a chit-fund regulator company, has received fund from Unicorn India Ventures. The company will use this $6,50,000 for product development, market expansion, strategic hiring and further investment in scaling up the current business. It also received Rs.400 crores from SaScan. This is its first institutional funding.

About ChitMonks

ChitMonks is a product from Pangean Global Services Pvt Ltd. In 2016, the founders made it with the sole vision of making investments in Chit Funds more Accessible, Credible and Rewarding. The company is working to build a Financially Inclusive Bharat with chit funds at its core. It has a blockchain network for savings and borrowings.

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