Happi offers instant banking accounts, savings options, and micro-loan facilities specifically for underbanked youths. Their platform provides quick, zero-interest micro-loans and allows users to make payments in two months with EMI options.
Funding
$10.8K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many young adults in Bangladesh lack access to traditional banking services, hindering their ability to save, make digital payments, and access credit. Existing financial products often come with hidden fees, high interest rates, and complex application processes, making them unsuitable for this demographic.
Solution
Happi provides a mobile-first banking platform designed for underbanked youths, offering zero-balance accounts, cashback rewards, and nano-loan facilities. Users can access digital financial services, including online/offline payments and ATM withdrawals, through a dual-currency debit card. The platform facilitates quick, zero-interest micro-loans with flexible EMI options, enabling users to manage expenses and build credit. Happi partners with established financial institutions to provide secure and Shariah-compliant banking services.
Target Audience
The primary target audience is underbanked Bangladeshi youths, including corporate/startup employees and university students, aged 18 and older with a valid NID and Workplace/University ID card.
Features
- Zero-balance bank accounts with no hidden charges
- Dual-currency enabled debit card for online and offline payments
- Cashback rewards on POS payments and reward points for meeting monthly spending targets
- Nano-loan facilities up to BDT 50,000
- EMI options for loan repayment
- Integration with Dhaka Bank and Mastercard
- Mobile app for automated services and account management