The Money Club, a digital platform for on-demand liquidity, has raised $2.5 million in its Series A funding round. The investment was led by Prudent Investment Managers, with participation from new investors, including high-net-worth individuals (HNIs) from Singapore and Dubai, and 1Crowd AIF. Existing investors such as Venture Catalysts, LetsVenture, Z21 Ventures, and Supermorepheus also reaffirmed their support. Radix Capital Advisors acted as the exclusive investment bankers for this deal.
Founded in 2018 by IITian Manuraj Jain, The Money Club addresses the financial needs of over 400 million lower-middle-class Indians who often struggle to access traditional banking services. These populations frequently turn to local moneylenders for credit, leading to high-interest debt traps. The platform offers fully digital, on-demand liquidity solutions tailored to these underserved groups, promoting financial empowerment and inclusion.
Founder’s Vision and Journey
Manuraj Jain, the founder and CEO of The Money Club, brings extensive experience from investment banking, strategy consulting, and social entrepreneurship. An alumnus of INSEAD, his professional journey began at Schlumberger, followed by a shift to Intellecap, where he gained grassroots experience working with self-help group (SHG) women in rural India. This inspired him to create impactful solutions for the financially excluded.
During his time at Vinculum Capital Partners, Jain honed his entrepreneurial skills and conceptualized The Money Club to address large-scale financial challenges. “This funding will help us enhance our technology, innovate further, and expand our solutions to empower underserved populations,” said Jain, emphasizing the platform’s potential to make a global impact.
Investor Confidence in The Money Club
Prashasta Seth, CEO of Prudent Investment Managers, expressed strong confidence in The Money Club’s innovative business model and Jain’s leadership. “We believe The Money Club has first-mover advantage and the ability to build a large, profitable business while creating meaningful social impact,” he said.
With this fresh funding, The Money Club plans to expand its technological capabilities and develop solutions that cater to its growing user base. The platform continues its mission to break down financial barriers and provide affordable liquidity solutions to underserved communities across India.
