Hyderabad-based fintech startup ChitMonks has raised $6,50,000 in pre-Series A round from Unicorn India Ventures. The VC firm has made the second investment after SaScan from its second fund worth Rs 400 crore.
The four-year-old ChitMonks works with chit fund companies and regulators and offers enterprise private platform for chit fund firms to make their services more inclusive for their customers. The company would utilize the capital for product development, market expansion, and further investment in scaling up the current business. (Source- PR)
