Indian neobank Jupiter has announced its plans to expand its services to more users in the country.
The digital bank has launched its ‘Mission Invite’ programme.
Operating on an invite-only approach, this programme allows current users to invite their friends.
Customers without an invite can also download the app to get limited invites from the maker of the app.
The fintech launched its beta version in June this year and claims to have received 150,000 requests from users within two weeks.
Jupiter stated that it plans to have one million accounts in the next six months and claimed that currently, over 3,000 customers are registering for savings account every day.
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By GlobalDataJupiter founder & CEO Jitendra Gupta said: “At Jupiter, we are approaching the banking experience with the mindset of an internet company by offering instant resolution to their needs.
“The ‘Mission Invite’ program is a way to convey our gratitude to initial customers and provide them an opportunity to expand and build a community that is waiting to experience a change in digital banking.”
Jupiter has partnered with Federal Bank, Visa, and National Payments Corporation of India to offer services such as savings account, debit cards and buy now pay later on UPI.
In August this year, Jupiter had raised approximately $44m in a Series B funding round at a valuation of more than $300m.