Today on our show we have an entrepreneur and an alumnus of IIT Kharagpur, Manuraj Jain in conversation with our host Ashutosh Garg. Manuraj is the Founder and CEO of The Money Club. Manuraj begins by sharing the key achievements of his life. He then shares the motive behind his company The Money Club. Manuraj talks to us about the frauds that can happen in the unregistered chit fund groups. He tells us how the cashier can run away with the money and investors cannot take any action against him because the company is not registered. With The Money Club, an online chit fund company, Manuraj has eliminated this problem by removing the cashier from the process and creating utmost transparency in the peer group. Manuraj tells us that there is no centralization of money involved in The Money Club hence it is safe from such frauds. He then tells us about his other venture called Vinculum Capital Partners, a company that helped other companies grow from the ground up. In the end, Manuraj tells us that success is self-awareness for him. He shares his very unique take on inspiration with us, prompting everyone to be what they truly are and not get inspired by someone else. Knowing yourself inside out is the key, according to Manuraj! Tune in to learn more about chit funds.
Manuraj Jain, Founder and CEO, The Money Club
My core purpose is to redirect the evolution of humanity in the ‘right’ direction. My vision is to create a global medium that builds organisations to improve the way humans are evolving on this planet! Through The Money Club, my goal is to create the next billion dollar platform that will redefine contemporary banking and make digital chit funds as “neobanks for savings” for the lower middle income population, in the next 5-8 years.
The Money Club
Founder and CEO
January 2016 – Present (5 years 2 months)
We believe in moving the power of banking into the hands of the consumer. The Money Club is a peer-to-peer chit fund platform where users join other verified peers to form Money Clubs. Money Clubbers now save their hard-earned money in the most powerful savings tool available till date- Their own Money Club!