Jar Eyes is a financial technology software that lets individuals store money and place investments in virtual currencies.
Jar Eyes has received $89.1 million in investment across five rounds. Their most recent funding came from a Series A round on July 21, 2022. Jar Eyes has received funding from 26 investors. The most notable financiers are Paramark Partners and Folius Capital.
According to four individuals knowledgeable about the subject, the Bengaluru-based firm is in talks with stockholders to fund roughly $50 million at a $350 million capitalization. When asked for a statement on Wednesday. Jar co-founder Misbah Ashraf claimed that it was too premature.
According to sources, Who ask to remain anonymous since the specifics are confidential. Tiger Global, a longtime investor, is poised to oversee the one-year-old startup’s Series B fundraising. According to the sources, Folius Investment and Paramark are also interested in investing in the fresh round.
Nishchay AG and Misbah Ashraf created the firm in 2021, and it is headquartered in Bangalore, Karnataka.
About Jar Eyes
Jar’s wants to help millions of Indians reconstruct the unmistakable, accumulating benefits of preserving every single day in an era of commercialization and instantaneous fulfillment that most often leaves our spirits and budgets feeling exhausted. This is seek to return this population to the notion of piggy banks by encouraging them to save in digital currencies and being financial institution agnostic.
Mission of Jar Eyes
- Educate the youth
Sadly, money administration and budgeting were never emphasized in schools. So, There are no set standards or precedents for young Indians to emulate. There are multiple reasons why kids these days do not save significantly. But the most fundamental is a lack of awareness of how it performs. It wants to make sure that preserving their application is a simple and straightforward interaction for all clients.
- Make saving a habit
Jar aims to mainstream savings as part of their daily routine. By encouraging individuals to invest a very small bit each day so that it becomes more like a monetary core strength. Jar just requires a one-time clearance from the user, after which the curriculum streamlines the most difficult component of habit creation.
- 100% Convenience
The Jar’s strives to make the complete experience of continuous budgeting as simple and effortless as possible. This allows its clientele to save money on a consistent basis while concentrating on other facets of their chaotic lives.
Is it Better than Physical Gold?
You don’t have to fear burglary or overpriced vault costs as you do with actual gold. Jar keeps your valuables in free bank-grade vaults! With their trustworthy associates, you may have your gold delivered to your residence in the shape of coins or jewelry. Safegold collaborates with Jar to purchase products straight from the manufacturer, which ensures quality.
Is it safe to use the Jar App?
Jar app is completely secure and protected to use for your everyday savings and gold investing. It is supported by Safegold, and all transactions take place via stable financial connections. In addition to your regular daily obligations, all you have to do for each activity is input your PIN (which only you know). Once users validate the app, the round-offs will be auto-debited from the Financial Institution Account associated with the UPI ID.
SafeGold is a supplier of the benefits rendered by the Jar app. The gold you purchase is safeguarded by IDBI, an RBI-regulated trustee.
This makes investing through the Jar app better. Your money will be yours in perpetuity. You have complete control over your finances; you can simply halt, restart, or remove earnings or gold with the touch of a button.
FAQs
Jar is a financial technology software that lets individuals store money and place investments in virtual currencies.
Nishchay AG and Misbah Ashraf created the firm in 2021
It is headquartered in Bangalore, Karnataka.
Jar has received $89.1 million in investment across five rounds.
The Bengaluru-based firm is in talks with stockholders to fund roughly $50 million at a $350 million capitalization.
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