Monk careers

Monk is a mobile bank that enables social circles and communities to save, borrow and lend together. By saving together as a group, our users can leverage the power of his/her social capital to create a layer of financial security during times of need, as well as having a channel of liquidity to seize future opportunities and eventually achieve financial independence.

Monk actually mimics a very popular offline financing model that thrived in many different cultures for decades. It’s known as the “Hui” in Chinese, “Susu” in African, “Tandas” in Mexican and etc.

On average, our users receive 3% yield on their savings and pay 3% APR on loans backed by his/her private group.

Over 2.5 Billion people in the world are still underbanked. Monk is popularizing this model via the one device that will be accessible to everyone, a smartphone, so we can reduce our reliance on the institutional banks and put the power back to the hands of the communities we tried so hard to build and protect.