Taskeer is an online platform that facilitates rotating savings and credit associations (ROSCAs) through a secure mobile application, ensuring timely payments and adherence to Sharia compliance. Users can quickly join savings circles tailored to their financial needs, enabling them to save and borrow money for various purposes such as medical expenses and home renovations.
Funding
$40K 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
Traditional rotating savings and credit associations (ROSCAs) lack the security and transparency needed to ensure timely payments and adherence to specific financial principles. Managing these informal savings circles can be cumbersome, requiring significant manual effort and trust among participants.
Solution
Taskheer provides a mobile platform that digitizes and secures ROSCAs, offering a transparent and Sharia-compliant way for users to save and borrow money collectively. The platform streamlines the process of joining and managing savings circles, ensuring timely payments and reducing the risk of default. By automating payments and providing a secure environment, Taskheer enables users to achieve their financial goals, such as covering medical expenses or funding home renovations, through collaborative savings.
Target Audience
Taskheer targets individuals seeking a secure, transparent, and Sharia-compliant method for collaborative saving and borrowing, particularly those interested in ROSCAs for personal or family financial goals.
Features
- Mobile application for joining and managing savings circles
- Automated payment processing and reminders
- Secure platform with insurance protection for user funds
- Sharia-compliant transactions
- Circle discovery feature to find savings groups matching user needs
- Multiple plans and terms to accommodate various saving and borrowing schedules
- Online money collection to simplify payments