Monk

Monk is a platform aiming to provide financial security by enabling social circles to save, borrow and lend together.

Monk is platform that provides financial security by enabling social circles to save, borrow and lend together. By saving together as a group, our users can leverage the power of his/her social networks to create a layer of financial security during times of need, as well as having a channel of liquidity to seize opportunities and eventually achieve financial independence. Monk actually mimics a very popular offline financing model that thrived in many different cultures for decades. It’s known as the “Hui” in Chinese, “Susu” in African, “Tandas” in Mexican, “Tanomoshi” in Japanese and etc. On average, our users receive 3% yield on their savings and pay 3% APR on loans backed by his/her private group. Monk is currently live in the app store.