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Mypaisaa - Franchise Opportunity
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Mypaisaa
Space Req.
250 - 500 Sq.ft
Investment Range
Rs. 50000 - 1Lakh
Franchise Outlets
Less than 10
Like (0)
Review (1)
3 / 5 (1 Rating)
Views (2489)

MyPaisaa

In India, myPaisaa is the trusted online chit app licensed by the Government of India and regulated by the Registrar of Chit Funds. The company is bringing innovation to one of the oldest forms of savings used in many Indian households. The company has become completely digital.

myPaisaa offers a revamped, reliable, new-age chit platform for flexible savings, high returns and easy borrowing with just a few clicks. Moreover, the disruptive pricing of just 2% commission against the industry average of 5% enables us to offer far greater returns to the customers.

myPaisaa is leveraging India’s digital infrastructure to enable minimal dependency on manual/ cost-heavy operational processes with UPI payments, e-KYC and eSignature. 

The company has already crossed 10,000 app downloads with an acquired auction turnover of more than 25 Crores. Now, the teams of myPaisaa are in the footsteps of the next phase of super-fast growth.

myPaisaa is a part of the Bharat Inclusion Initiative & DIPP.

Refer & Earn Scheme (Refer the friends & get up to ₹1 Lakh; a reward of ₹500 for every referral is given)

AIM: 

  • Reinventing the traditional concept of chit funds in India.

  • To provide a robust savings solution that must be better, cheaper and more reliable than banking systems, thereby, addressing the financial needs of over 500 million under-served people in India.

Licenses & Certifications:

  • Company Registration on MCA Website

  • Certificate of Incorporation with PAN

  • Certificate of Incorporation with TAN

  • Certificate of Incorporation with CIN

  • Start-up India Certificate

  • Telangana Chits

Invest Plans:

  • Chota Save Plan (50K Chit Plan @ 2% Commission)

  • Bada Save Plan (1 Lakh Chit Plan @ 2% Commission)

  • Zyada Save Plan (3 Lakhs Chit Plan @ 2% Commission)

myPaisaa is India’s first 100% digital chit fund app that allows to invest and earn high returns of up to 10% annually. It is a completely transparent chit firm that gets reflected in the way auctions and pay-outs are carried out.

myPaisaa is India’s trusted online chit app licensed by the Government of India and regulated by the Registrar of Chit Funds. We’re bringing innovation to one of the oldest forms of savings used in many Indian households. myPaisaa offers a revamped & reliable, new-age chit platform for flexible savings, high returns and easy borrowing

Operations Commenced On: 2020 Franchising / Distribution Commenced On: 2021 Number of Employees: Not Revealed
Business Models
Industry Segment Investment Franchise Fee Space Expected No of Hours / month Expansion Location/s
Financial Service Franchise Financing,Loans,Funding ,Advisors,Brokers Rs. 50000 - 1Lakh Rs. 1 - 50000 250 - 500 10 - 20hrs Hyderabad
Preferred Expansion Locations
Hyderabad,
Ideal Entrepreneur Profile
What should be the Education level of an Entrepreneur? : Not Revealed
What should be the skill set of an Entrepreneur? :
Not Revealed
What is that the business seek from an Entrepreneur? : No Ideal Franchisee Profile
Previous Experience of Entrepreneur? :
Not Revealed
There are currently no FAQ's from Mypaisaa.
There are currently no events hosted by Mypaisaa.
There are currently no news posted by Mypaisaa.
1 Review
User Membership
Array on Sep 19, 2021 12:51 AM
Rated by FranchiseBazar
Please to post a review for Mypaisaa
Image Gallery
Mypaisaa has not uploaded any photographs till now.
Video Gallery
Mypaisaa has not uploaded any video till now.
Business Information
How many franchisees are presently operational in home country? : Less than 10
How many franchisees do you have across the world? : Not Revealed
Franchisees presently available in home country at : Not Revealed
How many company owned outlets do you have? : Less than 10
Company owned outlets presently available at : Not Revealed
Documentation Details
Do you have a Franchise Agreement? : No
Term of Agreement? : Not Revealed
Do you have an Operations Manual? : No
Do you have a Bankable Business Plan? : No
Training Details
Do you have a Training Manual? : No
Where is the Initial Training conducted? : Not Revealed
How long is the Initial Training Programme? : Not Revealed
Mention a few lines on the post start up training assistance the company provides : Not Revealed
Business Suitability
Is Franchise/Business Opportunity suitable for women? : No
Is Franchise/Business Opportunity suitable for Senior citizens, retired professionals and/or people above 50 years of age? : No
Is Franchise/Business Opportunity suitable for Fresh Graduates and/or Students? : No
Can the franchisee work from home? : No
Is Franchise/Business franchising internationally? : No
Is Franchise/Business seeking Multiple/Master Franchisees? : No
Does this Franchise/Business qualify as a Multi Level Marketing Opportunity - MLM Business? : No
Is this Frnachise/Business a Manufacturing/Job work or an assembly related opportunity? : No

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