Chillr
 | |
| Privately held company | |
| Industry | Fintech |
| Founded | 2014 in Mumbai, India |
| Founder | Sony Joy, Anoop Sankar, Mohamed Galib, Lishoy Bhaskar |
| Headquarters | Mumbai, India |
Area served | India |
| Parent | Backwater Technologies [1] |
| Website |
chillr |
Chillr is a multi-bank mobile banking app that lets users send and receive money to/from anyone in their phone book. Chillr differentiates from online wallets as all fund transactions are between bank accounts. It was listed in the “App Store Best of 2015”[2] on the IOS platform in India. Chillr is the only Financial/Banking app to be listed in this category.
History
Chillr was conceptualized within MobME and spun off as a subsidiary after a year. It is currently being led by Sony Joy, who co-founded MobME Wireless Solutions with two of his college friends back in 2006. Chillr means pocket change in many Indian languages and is something everyone is used to dealing with and making payments with.
Service
Chillr is the fastest and easiest way to send money between bank accounts and works even on bank holidays.It is linked directly to your bank account to offer you following services:
- Pay - Make direct payments to other bank account or through tags.
- Collect - Request for money or split bills.
- Utilities - Recharge your mobile phone, data card, DTH & BookMyShow Wallet with Chillr.
- Scan & Pay - Pay at merchant stores by scanning QR code.
- Timeline - Chillr is the first Indian mobile banking app that gives you the option of sharing your transactions with your friends, much like a social media feed.
Bank Partnerships
Currently, Chillr has partnered up with the following banks:
• PMC Bank[10]
• Greater Bank[11]
• Bharat Bank[12]
• Saraswat Bank
Customers of these banks will enjoy seamless money transferring services. However, customers of every bank in India will be able to receive payments via Chillr.
Funding
Their initial seed funding came from MobME. Post this they raised series A from Sequoia Capital [13][14] This later extended to series A+, which along with investments from Blume Venture [15] and other angel investors totaled a sum of up to 7.2 million dollars.
References
- ↑ https://www.tofler.in/companyinfo/U72200KL2014PTC037700/backwater-technologies-private-limited
- ↑ http://www.dqindia.com/chillr-must-download-app-in-apple-app-store/
- ↑ http://timesofindia.indiatimes.com/tech/tech-news/HDFC-Bank-backs-Chillr-app-for-small-bill-payments/articleshow/48790729.cms
- ↑ http://www.in.techradar.com/news/software/HDFC-Bank-launches-Chillr-a-mobile-app-to-allows-users-to-instantly-transfer-money/articleshow/46597428.cms
- ↑ http://timesofindia.indiatimes.com/tech/tech-news/Bank-of-Baroda-first-PSU-bank-to-join-Chillr-platform/articleshow/49456039.cms
- ↑ http://www.dnaindia.com/money/report-bank-of-baroda-partners-mobile-payment-app-chillr-2136531
- ↑ "Andhra Bank ties up with 'Chillr' to transfer funds in seconds!". The Hindu. 2016-03-12. ISSN 0971-751X. Retrieved 2016-03-12.
- ↑ http://www.thehindubusinessline.com/money-and-banking/catholic-syrian-bank-ties-up-with-mobile-payment-app-chillr/article7940449.ece
- ↑ "Private sector lender Federal Bank to support startups". Retrieved 2016-06-24.
- ↑ "Punjab & Maharashtra Co-operative Bank Ltd". www.pmcbank.com. Retrieved 2016-06-24.
- ↑ "Chillr app for Greater Bombay bank customers | Banking Frontiers". bankingfrontiers.com. Retrieved 2016-06-24.
- ↑ "Bharat Bank announces association with Chillr, to make payments easier for its users - The Economic Times". Retrieved 2016-06-24.
- ↑ http://economictimes.indiatimes.com/small-biz/startups/sequoia-capital-puts-rs-40-crore-in-backwater-technologies-the-startup-behind-chillr-app/articleshow/49189546.cms
- ↑ http://www.thehindubusinessline.com/info-tech/chillr-raises-6-million-in-series-a-funding-from-sequoia-capital/article7720437.ece
- ↑ VIJAYAKUMAR PITCHIAH (December 10, 2015). "Blume, Uniqorn invest in money transfer app Chillr". VC Circle.