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Our solution aims to tackle the common challenge faced by young adults: managing finances confidently. Through our user-friendly website, we provide templates to track spending in various categories like travel and rent etc. Users set monthly budgets and allocate funds accordingly. By addressing this gap in financial guidance, we empower young adults to navigate their financial futures with ease, building a secure foundation for themselves.

OVERVIEW

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PROBLEM STATEMENT

According to the Reserve Bank of India (RBI), the household savings rate in India has been declining over the years, reaching 30% in 2019-2020, indicating challenges in building financial reserves.

Savings Rates

The National Centre for Financial Education (NCFE) conducted a survey revealing that only around 24% of Indian adults have basic financial literacy, highlighting the need for improved financial education.

Financial Illiteracy

The Credit Information Bureau (India) Limited (CIBIL) reports that the average personal loan amount in India increased by 21% from 2019 to 2020, indicating rising levels of personal debt among young adults.

Personal Debt

Young adults (aged 18-25) are financially savvy but lack the tools and guidance to confidently navigate their financial futures. Design an inclusive FinTech solution that empowers them to manage their money effectively and build a secure financial foundation.

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OUR ONE STOP APP TO MANAGE ALL YOUR FINANCES

Simple and User friendly UI

Templates designed keeping young adults in mind

Transparent transactions making the user conscious about spending money

In app wallet for recording trancastion history

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Users will have to define a monthly budget and add that amount to our in app wallet.

This money will then be roughly divided by the user into various different budgets like travel, leisure etc which the user will thus have to abide by.

Online transactions via the software application will be automatically accounted for, while the offline payment mediums will need to be manually added.

Various Finance sheets can be manage at the same time keeping personal and professional expenses seperate.

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BUSINESS MODEL:

BUDGET BUDDY

Fix platform fee on every transaction

Premium Subscription Model

Collaborations with companies

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PLATFORM/CONVINEINCE FEES

To use our app most efficiently users will need to top-up money into our digital wallet. Users will incur a small platform/convivence fee for every transaction they make using this wallet. All transactions made will automatically be accounted for in their finance sheets. Offline or other modes of transactions will have to be manually entered by the user.

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OUR PREMIUM SUBSCRIPTION MODEL

understanding your monthly expenses and pointing out weather a particular transaction made is a good financial move or a bad one

AI integrated recommendation

Premium users will not have to incur any fee for the transactions they make

Transaction fee expemtion

Using google lens to scan all offline transaction receipts to update your finance sheets thus eliminating the need for manual entry

Integration of google lens

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COLLABORATION WITH OTHER COMPANIES

Users will randomly be gifted vouchers after a transaction is made. These vouchers can then be redeemed in their respected store while paying using our digital wallet

Vouchers with every transaction

Users will get a certain amount of points after every transaction, these points can then be exchanged for other products like metro passes or food vouchers

Point Redemtion system

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TECH STACK:

WIRE FRAME:

BACK END:

FRONT END:

React-DOM

DATABASE :

Firestore Database

DEPLOYMENT :

Vercel ( currently not done) / Stellar Blockchain

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Front-end Developer

Arsh Tiwari (Leader)

Wire-Frame Developer

Srijan

TEAM

Market Research

Utsav Jana

Back-end D

eveloper

Nibedan Pati

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