KRED
There are various use cases for Cooperatives and other financial institutions. Core Banking System (CBS) for Cooperatives / Nidhi Companies / Chit Funds / NBFCs Card Issuing & Management Platform SMS Banking for Cooperatives using a different CBS software CBS + additional APIs for Online Chit Fund Platform Biller Hub (powered by BBPS) for Cooperatives, Nidhi Companies, NBFCs, Chit Funds Offline Retail Points for Cash Management System - MicroATMs, AePS Virtual Accounting System for automated accounting & reconciliation
Website : https://kred.in/
Current Status: Early revenues
Business Model: B2B
Product Description
KRED Core Banking System (CBS): To manage and run a financial institution like Cooperatives, Nidhi Companies, NBFCs, Chit Funds.
KRED Neobank for Members: Digital bank account with wallets, cards, mobile banking and other financial services
KRED Card Management: A programmable card management system for card issuance and fund disbursement
KRED SMS Banking: SMS based account, card management for users.
KRED Biller Hub: Aggregate billers to enable financial institutions to provide additional services and make more revenue.
