Mahila Money
From the SHEROES women's community to credit and accounts for women entrepreneurs in Bharat.
Neobank for Indian women entrepreneurs.
- Who holds it
- A sponsor bank behind the brand — not the app you signed up with — No own license; lends on RBI-licensed NBFC partners' rails (Capital Trade Links, RupeeCircle).
- The ledger
- Split between a program manager and the sponsor bank — the modular setup that broke in Synapse.
- If it fails
- Any claim runs through the sponsor bank, and only works if the two ledgers reconcile.
Derived from Mahila Money’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional · women |
| HQ | Delhi, IN |
| Founded | 2021 |
| Custody | Custodial |
| Regulation type | Partner-bank model |
| License detail | No own license; lends on RBI-licensed NBFC partners' rails (Capital Trade Links, RupeeCircle) |
| Card | RuPay · Prepaid + loans |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Asia |
| Founders | Sairee Chahal |
Verified links: official site ↗
Common questions about Mahila Money
What is Mahila Money?
Mahila Money is a fiat neobank built for women, headquartered in Delhi, IN and founded in 2021. Your money is held custodially, so Mahila Money or its partner bank holds the balance and you hold a claim on it. It operates on a partner-bank model (No own license; lends on RBI-licensed NBFC partners' rails (Capital Trade Links, RupeeCircle)).
Does Mahila Money have a card, and where can you use it?
It issues a RuPay prepaid and loans card. It is available in Asia.
Does Mahila Money require KYC?
Yes. Mahila Money requires identity verification (KYC) to open an account, as a partner-bank model.
Peers
Wise · KakaoBank · WeBank · bKash · Maya · GCash
Mahila Money appears in
Neobanks running on someone else’s banking license (81) · Neobanks available in Asia (132) · Neobanks on domestic card networks (16) · Neobanks in India (12)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.