Skip to content
February 2, 2023
  • Facebook
  • Twitter
  • Linkedin
  • VK
  • Youtube
  • Instagram
The Times24

The Times24

Connect with Us

  • Facebook
  • Twitter
  • Linkedin
  • VK
  • Youtube
  • Instagram

Categories

  • Business
  • Business News
  • Education
  • Entertainment
  • Health
  • Lifestyle
  • National
  • Newsbeat
  • Press Release
  • Sports
  • Stories
  • Tech
  • Technology
  • World
Primary Menu
  • Business
  • Education
  • Entertainment
  • Lifestyle
  • Press Release
  • Technology
  • Home
  • 2022
  • August
  • 25
  • KPMG and HSBC report ranks Jar, Indias first micro-savings platform, among the Leading 100 Emerging Giants in Asia Pacific
  • Business
  • Business News
  • Press Release

KPMG and HSBC report ranks Jar, Indias first micro-savings platform, among the Leading 100 Emerging Giants in Asia Pacific

dsprime August 25, 2022 2 min read
2

August 25: A comprehensive annual report co-authored by experts at KPMG and HSBC, places Bengaluru-based fintech start-up Jar (the nation’s first micro savings and investments platform) on a select list of ‘Leading 100 Emerging Giants in Asia Pacific’, 2022. The report, which surveys over 11 countries, takes an in-depth look at new economy businesses across the region which are believed to make a lasting impact on the global business landscape over the next decade.

As the report states, consideration for placement on this list is made after intensive market analysis including metrics such as valuations and venture capital received, as well as KPMG and HSBC’s assessment of the future growth potential of these companies.

Jar recently raised $22.6 million as a part of its Series B funding round led by Tiger Global, at a valuation of $300 million. Jar will, in part, use the fresh funds to expand into multiple financial services like facilitating lending, selling insurance products and advising people on investing in financial products from mutual funds to fixed deposits.

In the report, Dan Roberts, Global Head of Business Banking, HSBC, says: “With a fast growing and digitally native middle class, Asia Pacific will continue to be the world’s growth engine. Combined with a very dynamic business environment, this presents tremendous growth opportunities for businesses that can leverage the rapid digitization of this vast ecosystem.”

Jar speaks closely to this large addressable market. The app, links to existing user accounts with any formal bank, automatically rounds up every transaction to the nearest 10th digit number and uses the collected difference to purchase digital gold. And for those who want to automate their savings, Jar lets the user set any amount (starting from Rs.10) to be saved daily and automatically.

Jar aligns with existing behavioral norms such as daily user interactions across digital platforms and leverages India’s long standing confidence in gold as a tangible, mobile and low-risk asset class. Founded in January 2021 by Misbah Ashraf and Nishchay AG, the company’s vision is to inculcate the habit of savings and investments among Indians, thereby helping them achieve financial independence and create wider societal financial inclusion.

Jar launched its first gold-backed savings product in June 2021. The company currently serves over 9 million customers and clocks an average of 220,000 daily transactions.

If you have any objection to this press release content, kindly contact pr.error.rectification[at]gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

Tags: fintech start-up HSBC KPMG

Continue Reading

Previous: XREX Expands Fiat Gateways by Partnering with Customers Bank
Next: Top 20 Industry Experts of the year 2021-22 unveiled in virtual award ceremony conducted by Fame Finders

2 thoughts on “KPMG and HSBC report ranks Jar, Indias first micro-savings platform, among the Leading 100 Emerging Giants in Asia Pacific”

  1. Pingback: KPMG and HSBC report ranks Jar, Indias first micro-savings platform, among the Leading 100 Emerging Giants in Asia Pacific – Primex News Network - Mumbai Times
  2. Pingback: KPMG and HSBC report ranks Jar, Indias first micro-savings platform, among the Leading 100 Emerging Giants in Asia Pacific – Primex News Network – Biz News

Comments are closed.

Related Stories

“Manufacturers must understand the value of standardization in products”, says CEO of Rhino Motor starter
3 min read
  • Business

“Manufacturers must understand the value of standardization in products”, says CEO of Rhino Motor starter

February 2, 2023
The XIX Mumbai Interschool Sports Kudo tournament organized at Andheri Sports Complex
2 min read
  • Business

The XIX Mumbai Interschool Sports Kudo tournament organized at Andheri Sports Complex

February 2, 2023
MeraSapna.in Launches India’s First Online Property Prize Competition
2 min read
  • Business

MeraSapna.in Launches India’s First Online Property Prize Competition

February 2, 2023

Recent Posts

  • Naya Bharat Mahotsav, “Sankalp Se Siddhi Tak,” Edition 2 Organized in the United Kingdom
  • “Manufacturers must understand the value of standardization in products”, says CEO of Rhino Motor starter
  • The XIX Mumbai Interschool Sports Kudo tournament organized at Andheri Sports Complex
  • MeraSapna.in Launches India’s First Online Property Prize Competition
  • “Pastel Parrots: The Rise of a Fashion Brand” – Also became story of a homemaker’s transformation

Recent Comments

  1. Lagnam Spintex Limited Receives State Export Award by Rajasthan Government – Primex News Network - Mumbai Times on Lagnam Spintex Limited Receives State Export Award by Rajasthan Government
  2. HYCOT + leading audio brand in association with Daisy Shah – Primex News Network – Biz News on HYCOT + leading audio brand in association with Daisy Shah
  3. 950+ class owners benefited through GoI Intellectual Property Right (IPR) awareness program at Maharashtra Class Owners Association (MCOA) Teachers Felicitation Function – Primex News Network – Biz News on 950+ class owners benefited through GoI Intellectual Property Right (IPR) awareness program at Maharashtra Class Owners Association (MCOA) Teachers Felicitation Function
  4. Kagool joins British High Commissions Trusted Partner Scheme – Primex News Network – Biz News on Kagool joins British High Commissions Trusted Partner Scheme
  5. BigBloc Construction Ltd celebrated World Green Building Week 2022 with CII – IGBC; Planted Neem and Karen Trees – Primex News Network – Biz News on BigBloc Construction Ltd celebrated World Green Building Week 2022 with CII – IGBC; Planted Neem and Karen Trees

Archives

  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • March 2022
  • February 2022
  • July 2018

Categories

  • Business
  • Business News
  • Education
  • Entertainment
  • Health
  • Lifestyle
  • National
  • Newsbeat
  • Press Release
  • Sports
  • Stories
  • Tech
  • Technology
  • World

Trending News

Naya Bharat Mahotsav, “Sankalp Se Siddhi Tak,” Edition 2 Organized in the United Kingdom 1

Naya Bharat Mahotsav, “Sankalp Se Siddhi Tak,” Edition 2 Organized in the United Kingdom

February 2, 2023
“Manufacturers must understand the value of standardization in products”, says CEO of Rhino Motor starter 2

“Manufacturers must understand the value of standardization in products”, says CEO of Rhino Motor starter

February 2, 2023
The XIX Mumbai Interschool Sports Kudo tournament organized at Andheri Sports Complex 3

The XIX Mumbai Interschool Sports Kudo tournament organized at Andheri Sports Complex

February 2, 2023
MeraSapna.in Launches India’s First Online Property Prize Competition 4

MeraSapna.in Launches India’s First Online Property Prize Competition

February 2, 2023
“Pastel Parrots: The Rise of a Fashion Brand” – Also became story of a homemaker’s transformation 5

“Pastel Parrots: The Rise of a Fashion Brand” – Also became story of a homemaker’s transformation

February 2, 2023
The Future of Indian Business: Meet the 10 Startups Changing the Game 6

The Future of Indian Business: Meet the 10 Startups Changing the Game

February 2, 2023
Family Care Hospital Limited Rs 4892 lakhs rights issue subscription close on 7 February, 2023 7

Family Care Hospital Limited Rs 4892 lakhs rights issue subscription close on 7 February, 2023

February 2, 2023

Tags

Ahmedabad Ajmal Perfumes Asheesh Pandey Ashok Prasad Abhishek Azadi ka Amrit Mahotsav Bangalore Bank of Maharashtra Bollywood Business Collegepond cricket Dinesh Pandya Education Entertainment Greenman Viral Desai Health Independence Day Kingston Technology LIBERTY SHOES lifestyle Manoj Patodia Mantis Dubai Munaf Patel Music national Newsbeat Patel Packaging pr Prime Fashion Week Rubaru Mr. India Saubhagyaa R Swain Saurav Bhattacharya Science SkyExch.net sports Star Housing Finance Limited Surat Talentrack Awards technology TEXPROCIL The Quests of William Wood Vincitore Group Viral Desai World Yaar Mera Titliaan Warga

Connect with Us

  • Facebook
  • Twitter
  • Linkedin
  • VK
  • Youtube
  • Instagram

Categories

  • Business (1,395)
  • Business News (619)
  • Education (130)
  • Entertainment (259)
  • Health (13)
  • Lifestyle (342)
  • National (133)
  • Newsbeat (5)
  • Press Release (646)
  • Sports (40)
  • Stories (2)
  • Tech (1)
  • Technology (17)
  • World (5)

You may have missed

Naya Bharat Mahotsav, “Sankalp Se Siddhi Tak,” Edition 2 Organized in the United Kingdom
3 min read
  • National

Naya Bharat Mahotsav, “Sankalp Se Siddhi Tak,” Edition 2 Organized in the United Kingdom

February 2, 2023
“Manufacturers must understand the value of standardization in products”, says CEO of Rhino Motor starter
3 min read
  • Business

“Manufacturers must understand the value of standardization in products”, says CEO of Rhino Motor starter

February 2, 2023
The XIX Mumbai Interschool Sports Kudo tournament organized at Andheri Sports Complex
2 min read
  • Business

The XIX Mumbai Interschool Sports Kudo tournament organized at Andheri Sports Complex

February 2, 2023
MeraSapna.in Launches India’s First Online Property Prize Competition
2 min read
  • Business

MeraSapna.in Launches India’s First Online Property Prize Competition

February 2, 2023
  • Business
  • Education
  • Entertainment
  • Lifestyle
  • Press Release
  • Technology
  • Facebook
  • Twitter
  • Linkedin
  • VK
  • Youtube
  • Instagram
Copyright © All rights reserved. | MoreNews by AF themes.