KyePot

lendingsocial financing

FOUNDING YEAR: 2015
LOCATION: India
Last Update: 08/09/2020

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About

Kyepot, a mobile platform, offers users with social financial services, including community-based saving, lending, and borrowing facilities. Users can find a group or create a group and carry out their financial transactions. They can perform real-time, automated payments over web and mobile platforms.

MEDICI Analysis

Kyepot, a mobile platform, offers users with social financial services, including community-based saving, lending, and borrowing facilities. Users can find a group or create a group and carry out their financial transactions. They can perform real-time, automated payments over web and mobile platforms.

Focus

PRODUCTS & SERVICES

Social financial services

REVENUE MODEL

SAAS

MAIN CLIENTS

Retail borrowers and lenders

PRIMARY PROBLEM SOLVED

KYEPOT is the worlds first Group Savings platform that gamifies the ROSCA’s (Rotating Savings & Credit Associations) for the under banked segment using modern state-of-the-art technology that learns from peoples’ financial behaviors and connects Group Savings & Lending to modern digital banking and economy

Traction

VALUATION / MARKET CAP:

$110 K in 2015

Momentum

FUNDED

NO

TOTAL FUNDING

$175 K

DATE OF LAST FUNDING

Aug 2019

SEED & PRIOR FUNDING

$175 K

SEED CLOSED ON

Feb 2016

LISTED

NO

Innovation Programs

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Kyepot

About

Kyepot, a mobile platform, offers users with social financial services, including community-based saving, lending, and borrowing facilities. Users can find a group or create a group and carry out their financial transactions. They can perform real-time, automated payments over web and mobile platforms.

Focus

PRODUCTS & SERVICES

Social financial services

REVENUE MODEL

SAAS

TOP PROBLEM SOLVED

KYEPOT is the worlds first Group Savings platform that gamifies the ROSCA’s (Rotating Savings & Credit Associations) for the under banked segment using modern state-of-the-art technology that learns from peoples’ financial behaviors and connects Group Savings & Lending to modern digital banking and economy

PRODUCT DEVELOPMENT STAGE

V2.0 or BEYOND

PRODUCT DEVELOPMENT COMMENT

KyePot's is world's first ROSCA chit fund technology platform with credit scoring, e-kyc, digital payments, and advanced consumer behavior analytics. Crafted specially for chit funds and ROSCA administrators to reach out to wider market, younger customer base & create custom configurable ROSCA groups (Incl Islamic finance compliant) that can scale up the group savings AUM by magnitudes but better mitigate the credit risk KyePot's platform takes social ROSCA to a new level for the urban millennial by combining Goals, Social aggregation by using sophisticated behavioral finance algorithms and mobile money channels to help users save effectively and regularly, thereby enabling better credit opportunities

KEY DIFFERENTIATORS

We are the first of the kind to digitalise the social savings & lending to fit the mobile age and enable the financial institutions to acquire the activity at a low cost of distribution.

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

PRODUCT ATTRIBUTES

SaaS

White label

Customer facing

Traction

LIVE USERS/TRANSACTIONS:

Yes, in live production

CHANNEL STATUS

INITIAL CLIENTS

People

NUMBER OF EMPLOYEES

1-10

INVESTORS:

Berlin Startupbootcamp

Momentum

FUNDED

YES

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES