Mahila Money is a full-stack financial platform that provides women entrepreneurs in India with digital banking services, collateral-free business loans, and investment opportunities tailored to their needs. By simplifying access to credit and financial education, the platform empowers women to achieve financial independence and grow their businesses without requiring traditional guarantors.
Funding
$9M 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
Women entrepreneurs in India often face challenges in accessing financial services and credit due to lack of collateral and traditional banking requirements. This limits their ability to start, sustain, and grow their businesses, hindering their financial independence.
Solution
Mahila Money is a financial platform designed to address the specific needs of women entrepreneurs in India by providing access to collateral-free business loans, investment opportunities, and digital banking services. Through a 100% digital application process, women can secure loans tailored to their business requirements without needing a male co-guarantor or extensive documentation. The platform also offers a peer-to-peer (P2P) investment option, enabling women to grow their wealth with fixed returns. By simplifying access to credit and financial tools, Mahila Money empowers women to achieve financial independence and business growth.
Target Audience
The primary target audience includes women entrepreneurs in India running businesses such as beauty parlors, fashion boutiques, tiffin services, retail shops, and small to medium-sized enterprises (SMEs).
Features
- Collateral-free business loans ranging from INR 30,000 to INR 10,00,000 with tenures from 6 months to 3 years
- 100% digital loan application process with easy repayment options
- Peer-to-peer (P2P) investment plan powered by Rupee Circle, offering fixed annual returns
- Access to video interviews and webinars with successful women entrepreneurs
- Daily "Open House" sessions on the app for direct interaction with experts and other entrepreneurs
- Community features for women to connect, share experiences, and seek advice
- Loan products include working capital loans, asset purchase loans, business expansion loans, SME loans, skilling, and starter loans