Sector
Banking, Financial Services and Insurance
Industry
FinTech
Business model
B2B
Marketplace
SaaS
Technology
Mobile Apps
Web technologies
Location
Kollam, Kerala
Founded
2024
Team
SIVESHKUMAR SIVANKUTTI PILLAI
Founder
Product 1
DICHIT
DICHIT is India's first verified marketplace and UPI-powered installment payment platform for registered chit funds. It combines verified scheme discovery, CFPI, AI-powered auctions, smart recommendations, and digital services to promote financial inclusion and accelerate the digital transformation of licensed chit fund companies.
Sector
Banking, Financial Services and Insurance
Industry
FinTech
Model
B2B
Marketplace
SaaS
Technology
Mobile Apps
Web technologies
DICHIT is a comprehensive digital platform for the chit fund ecosystem that combines discovery, payments, and intelligent management.
Key features include:
- Verified Chit Fund Marketplace for discovering and comparing government-registered chit fund schemes.
- CFPI (Chit Fund Payment Interface) with secure UPI-based installment payments and automated collection reconciliation.
- AI-powered Auction Management for digital bidding, auction automation, and real-time processing.
- Smart Recommendation Engine that suggests suitable chit schemes based on user preferences and financial goals.
- Digital onboarding, KYC, notifications, and customer management for subscribers and companies.
- Financial Inclusion by bringing transparent, trusted, and accessible savings solutions to underserved and first-time digital users, while helping licensed chit fund companies digitize and grow.
Sector
Banking, Financial Services and Insurance
Industry
FinTech
Model
B2B
Marketplace
SaaS
Technology
Mobile Apps
Web technologies