We’re also grateful to Positron Advisors for their valuable strategic inputs," added Co-founder Parul Seth Khanna.
Parul and Gautam clearly have unique expertise, experience and passion that is needed to succeed at scale.” "The funding from VCats will help us upscale our capacity to more effectively meet the growing interest in comprehensive social protection from multiple countries. In India, pinBox is working with HDFC Pension, SBI AMC, and other insurers to help deliver NPS and customiszed saving and insurance solutions to India's 400 million informal sector workers without social security benefits.ĭr Apoorva Sharma, Co-founder and president of Venture Catalysts, said, “We strongly echo the urgent need for simple and easy access to micro-pensions and social protection by millions of informal sector workers. The startup said it has built a white-labelled and fully API-enabled micro-pension-tech platform that integrates the digital ID, finance, and payments ecosystem to "switch-on" an inclusive social security marketplace. pinBox has worked extensively with several governments, regulators, financial inclusion stakeholders, and DFIs like World Bank, UNCDF, and UKAID across Asia and Africa on expanding digital micro-pension and social protection coverage to self-employed women and informal sector workers including gig-workers. In 2020, pinBox joined hands with WhatsApp and integrated its platform with the app to make saving for old age as quick, easy, and simple as sending a message.
Venture Catalysts acquires India operations of US-headquartered accelerator and Seed fund, Z Nation Lab Around the world, pension supervisory authorities, tax authorities, and other government agencies play an important role in facilitating the change from concepts, theories, and legislation to operational capabilities to reach the policy aims.
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