Circlys is a mobile app that digitizes the traditional concept of rotating savings and credit associations (ROSCAs), also known as money circles or "jameeya". It provides a secure platform for users to join savings circles with trusted members. The app offers savings plans ranging from SAR 500 to SAR 5,000 per month, catering to various income groups. Circlys ensures user eligibility through robust risk assessment and eKYC verification. It guarantees payments even if a member defaults, taking legal action against defaulters. The app allows users to choose their payout month and receive funds within three days of their salary date. Circlys provides a seamless experience with features like payment notifications, financial tracking tables, and multi-channel customer support including SMS, WhatsApp, and chatbots.
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protectionFlexibilityPrecisionEligibilitySecurityEligibility verification for membersSupervision of savings circlesGuarantee against defaultsTimely receipt of savingsFlexible options for user needsLegal actions against defaultersElectronic verification of membersCredit evaluation toolsPrivacy protection for usersNo intermediaries in transactionsSavings plans up to 5000 SARFreedom to choose savings plansAccess to funds as neededImport contacts to circlesTimely payment notificationsOrganized financial tablesDigitized savings circlesGuaranteed money protectionUser-friendly mobile appAvailable on Android and iOSPopular in the educational sectorSupport for family savings groupsAccess to savings without interruptionEmailHelp DeskFAQsCloud, SaaS, Web-BasedDesktop - MacDesktop - WindowsMobile - AndroidMobile - iPhone
