TANDA, INC is an American company founded in 2023 that operates a social savings mobile application based on Rotating Savings and Credit Associations (ROSCAs). ROSCAs are a popular savings method and known by a variety of names worldwide, such as Chit fund, Hui, Tanomoshiko, Lending Tree, Lending Club. App users deposit money on a scheduled basis and each member takes turns withdrawing a lump sum.
History edit
Tanda was founded in 2023 by Jesse Chor, Christopher Chan, Mike Emery and Glen Wong.
-funding history
-ARC stuff
-current state in 2023, 2024, etc...
Functionality edit
The TANDA app facilitates “circles” -- groups of members who make scheduled contributions toward a common fund. Each period, one member receives the fund as a lump sum payout. Each member takes turns receiving a payout. TANDA regulates the circle to ensure secure payouts and that members who do not make their scheduled payments do not impact the payout to the rest of the circle.
Additional features of the application include:
-Ability to set cash out schedule
-Home page feed that allows members to share goals and build community
-Rewards program for saving
-Certified third party operators who handle all sensitive information to ensure security
News Publications edit
TANDA: Bringing Financial Security Within Reach For Everyone
Sequoia Capital ARC Spring 2023 Announcement
Finsmes Tanda Seed Round Finding Announcement
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Last edited by WereSpielChequers (talk | contribs) 9 days ago. (Update) |