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SOSV, a Global VC Fund and Venture Catalysts, has announced its latest investment in The Money Club, a fintech startup that has built an AI-based P2P group savings platform to enable the lower-middle-class population to save, borrow and invest digitally. The Pre-Series A round saw participation from other investors including Blume Founders’ Fund, LetsVenture, Keiretsu Forum, Rockstud Capital, Astarc Ventures, and LIV Advisors Ltd.
Founded by IIT Kharagpur friends, Manuraj Jain and Surajit Ray, The Money Club leverages AI algorithms to effectively underwrite high frequency, micro pooling of funds by studying user behaviour. Acting as an artificially intelligent chit fund cashier
