Chqbook is India’s first Neobank for entrepreneurs like kiranas, vendors, physicists, and all others running ownership organizations.
Chqbook’s dispatch today is the first in Quite a while to offer the intensity of a money related control place in the possession of the bustling 60 million entrepreneurs, as they rise up out of the impacts of the pandemic. It unites banking, loaning, khata, protection, and prizes.
Chqbook eyes 1 million new clients with the dispatch of its portable application.
Chqbook, India’s first Neobank for entrepreneurs like kiranas, dealers, scientists, and others running ownerships, reported the dispatch of its new portable stage. With this dispatch, Chqbook brings a list money related administrations to a monstrous underserved portion.
Situated as the monetary control community’ for India’s 60 million entrepreneurs, Chqbook’s portable application will put the influence of overseeing everyday budgetary necessities just as admittance to other monetary items in their grasp and on request, assisting with sparing important time, exertion, and cash as they develop their business.
These entrepreneurs will have the option to utilize the Chqbook current record for day by day exchanges, apply for present moment and long haul business advances, secure their business, life, and wellbeing while at the same time profiting by its extraordinary, free accounting administration Chqbook Khata; which oversees providers and requests easily, across the board place. Exchanges over these administrations are fueled by an industry first rewards framework uniquely intended for entrepreneurs.
With the dispatch today of its new Mobile App, Chqbook plans to scale to more than 50 urban communities and hopes to build its client base by 1 million during this budgetary year. The three year old begin up as of now benefits once again 300,000 clients over the main 25 urban communities and onboards more than 25,000 clients on its foundation consistently for different items and administrations obliging entrepreneurs.
Through the versatile application, Chqbook has dispatched another current record for entrepreneurs which likewise remunerates clients on day by day current record exchanges making it the principal stage in the nation.
The current record is fueled by ICICI Bank and offers clients a lifetime zero balance account, anyplace banking and wellbeing and security from India’s biggest private segment bank. With secure biometric access, clients can undoubtedly move assets through IMPS, NEFT, and RTGS immediately and acquire compensations on moves also.
Inside the budgetary control community, Chqbook clients additionally get a free computerized accounting administration Chqbook Khata, which instinctively empowers independent ventures to record charges and credits from clients and providers the same. In a first of its sort, the entrepreneurs can make and send requests to their providers through the application.
It additionally has amazing reminding and following highlights that empowers entrepreneurs to gather installments by sending an installment connect to their clients. It is likewise the primary stage to remunerate clients who need to move to an advanced exchange stage for a deep rooted practice.
The items on the versatile application are supplemented by new advancements that are a first in the business. Chqbook clients can make sure about their shops, life, and wellbeing through imaginative protection items planned remembering the entrepreneur.
Aside from this, Chqbook likewise gives overdrafts to private companies through pre endorsed credit lines accessible inside the application. It is the main paperless and contactless item for kirana and other entrepreneurs in the nation that empowers these organizations to develop through difficult stretches with simple admittance to credit.
Chqbook’s canny two venture checkout cycle and it’s natural TARA AI motor, unite the best of innovation and exploration to give independent companies the control on their accounts they generally needed, all, at zero expense.
Remarking on the dispatch today, Vipul Sharma, Founder and CEO, Chqbook stated, “Entrepreneurs are the life saver for the nearby networks in which they work and are liable for lifting them up and giving work at scale.
Their prosperity is a significant pinion in the administration’s vision of an Atmanirbhar Bharat. At Chqbook, we are attempting to engage India’s 60 million entrepreneurs who are monetarily underserved and helping them understand their objectives. Chqbook’s portable application unites all the money related exchanges an entrepreneur must deal with, presently accessible on request and readily available.
Our budgetary control community’ totals an easy to utilize current record, customary khata exchanges, loaning, and protection. It gets all day by day exchanges one spot making them simple to get to, so entrepreneurs can zero in on what they excel at running and developing their organizations.
The matter of banking is changing quickly with the rise of Neobanks whose lean plans of action and customized client experience supported by predominant innovation is quick turning into the picked stage.
As we have found during the pandemic, private companies are the foundation of the Indian economy. Chqbook’s new portable first computerized budgetary stage carries them into the conventional economy empowering admittance to reasonable credit, fabricate operational efficiencies, and fitting into worldwide gracefully chain openings. Chqbook’s central goal to help India’s entrepreneurs succeed and flourish is fundamental on the off chance that we are to manufacture a more comprehensive computerized economy, said Sushma Kaushik, Aavishkaar Capital.
About Chqbook.com, a Gurugram based fintech fire up, is India‘s first Neobank for entrepreneurs offering elite budgetary administrations through its five mainstays of current record, khata, loaning, protection, and prizes.
Established in 2017 by Vipul Sharma, Rajat Kumar, Sachin Arora, and Mohit Goel, Chqbook’s main goal is to enable this enormously underserved section to help drive monetary incorporation. It serves in excess of 300,000 clients over India’s best 25 urban areas with 60 budgetary items at the most reduced rates with zero preparing charges on exchanges.
It utilizes substitute information, working intimately with credit departments, accomplices, and monetary organizations to convey customized money related items and administrations to more than 25,000 entrepreneurs for each month and cycles 40,000+ client applications every month.
The organization has raised subsidizing from marquee financial specialists including Aavishkaar Capital, Harsha Bhogle, Bharat Shyam, Ken Glass, Rohit Chanana, Bhupesh Kumar, Amit Manocha, Amit Singal, Nilesh Shrivastava, and Sakshi Vij.
Chqbook is additionally the champ of numerous esteemed honors like the Fintech Rocketship Award 2019 from the UK’s Department of International Trade, Tech30 at YourStory TechSparks 2019, and 2018 SuperStartups Asia Awards.