Step 1
Create a group
Pick duration, contribution, and timezone. (Optionally set organiser benefit.)
Run your chit fund the modern way—transparent auctions, on-time payments, stress-free payouts.
Real-time bidding, smart schedules, and compliance-minded controls built for Australia.
Real-time auctions
Automatic schedules, soft-close, and clear winner finalisation.
Multi-membership
Members can hold multiple slots—tracked cleanly across periods.
Audit-friendly
Payment history, points, and role-based access with detailed logs.
How it works
Step 2
Invite & approve
Members request to join; approve single or multiple slots per person.
Step 3
Live auction
DST-aware timing, bid steps enforced, with soft-close to prevent last-second snipes.
Step 4
Payout & payments
Confirm winner, record payout, track dues and on-time points. Full audit trail.
Note: ChitConnect is software only; groups are community-run. This is not financial advice.
Security & Compliance
TLS in transit, encrypted bank details at rest, strict access logging, and least-privilege roles.
Disclaimer: ChitConnect is a software platform. It does not provide financial advice. Groups are community-run. Seek independent advice where needed.
- Encryption at rest for sensitive data
- Audit logs of key actions
- Australian data residency (when configured)
Simple pricing
Standard (Free)
- Join groups & participate in auctions
- Payment tracking and history
Premium (Paid)
- Create & manage groups
- Advanced reports and priority support
FAQ
Is this legal in Australia?
ChitConnect provides software infrastructure for community savings. Seek independent advice for your use case and jurisdiction.
Do I need to be an organiser to join?
No. Any approved member can join a group and participate in auctions.