MyDollar is a rotating savings and credit association (ROSCA) platform.
In MyDollar app, users can pool their money into a common fund, generally structured around weekly or fortnightly contributions, and a group creator can withdraws the money from it as a lump sum at the starting of the group followed by second user joining the group. This continues for as long as the group exists.
How MyDollar app Work?
One user can create for the amount of $600 with the group name ‘e.g Group1’ and 5 other users can join the group and each of them will contribute $100 to the fund weekly or fortnightly. At the start of the group, the group creator would take a sum of $600. In the second weekly or fortnightly period, another member would take the next $600. This would continue until everyone had a turn with the proceeds.
Company Details
- Employees
- 1
- Founded
- -
- Industry
- Financial Services
- NAICS
-
Finance and InsuranceMonetary Authorities-Central Bank
- Keywords
- Group Sharing, Direct Debit, User Friendly.
Mydollar Questions
Mydollar's LinkedIn profile is https://www.linkedin.com/company/mydollar
Mydollar has
1 employees.
View email and phone details for 1
employees at Mydollar.
Mydollar's industry is
Financial Services
Mydollar's top competitors are
Yallagai,
Ocaye Llc,
More Opportunities,
Veeam Software,
Info Tecnologia | Gestão Locadora De Veículos,
Powerdata Group Consulting,
Kririt India Education Solutions Pvt Ltd,
Ghum Nepal Innovation.
Mydollar's categories are Financial Services
Mydollar's founding year is 2022
