ChitInsure to protect subscribers’ data

Over 15 companies on ChitFunds 2.0 Platform are already taking benefits of the ChitInsure since its beta launch in September.

Hyderabad: To protect the subscribers of registered chit fund companies, Hyderabad-based blockchain startup ChitMonks has launched ChitInsure. This first-of-its-kind product is specially designed to protect the subscribers and offers two products– one that helps companies in providing additional security for new subscriptions and the other to protect the future liabilities of the subscribers.

Over 15 companies on ChitFunds 2.0 Platform are already taking benefits of the ChitInsure since its beta launch in September. ChitMonks works with registered chit fund companies and helps them build trust in their operations through blockchain technology and making them 100 per cent digital. It also understands the chit fund companies’ requirements and offers customised packages, according to its CEO and co-founder Pavan Adipuram.

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