Jar

Jar

Jar - Start your daily saving journey in 45 seconds. Learn more

Financials

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Revenues, earnings & profits over time
USD20222023
Revenues26.2m44.2m
% growth-69 %
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Recent News about Jar

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MyJar.app is a fintech startup that operates in the Indian market, providing a unique savings platform for its users. The company has developed an innovative application that allows users to save money in the form of 24 Karat gold at 99.5% purity. This essentially means that users can convert their savings into gold, a commodity known for its stable value and potential for growth.

The company serves a broad range of clients, from individuals looking to save small amounts daily to those who wish to save larger amounts periodically. The platform offers three main saving methods: daily savings, round-offs, and manual savings. Daily savings allow users to set a fixed amount to be saved each day automatically. Round-offs involve saving spare change from transactions, which the app automatically rounds up and converts into gold. Manual savings provide flexibility for users to save larger amounts at their convenience.

MyJar.app's business model is based on encouraging consistent saving habits among its users. It offers the flexibility to save daily, weekly, or monthly, and users can pause or cancel their savings at any time. The company makes money by facilitating these transactions and possibly from the spread between buying and selling prices of gold.

In summary, MyJar.app is a digital savings platform that leverages the stability and growth potential of gold to help its users build wealth and financial security. It offers a flexible, user-friendly approach to saving, making it an attractive option for a wide range of clients.

Keywords: Fintech, Savings Platform, Gold Investment, Daily Savings, Round-offs, Manual Savings, Financial Security, Wealth Building, User-friendly, Indian Market.

Tech stack

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