54

54 the Savings and Investment app for Zimbabwe and Africa. We are using DeFi and AI to create a more affordable and accessible bank for the unbanked and underbanked in Zimbabwe and Africa.

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Inspiration

How we built it

We are focusing on giving informally employed Africans an option to save and grow the wealth and financial means through savings yield and tokenised fractionalized stocks and ETFs on the blockchain. We are using AI to help them with their wealth management!

The problem

Erosion of Savings Value:

High inflation rates in Africa can quickly erode the value of saved and invested money. The World Bank points out that only 40% of adults in Sub-Saharan Africa have an account.

Stagnant Wealth:

The lack of long-term investment options. The Zimbabwean All-Share Index grew by 79.38% in 2022 however, Zimbabwe, closed out December of 2022 with an inflation rate of 243.8%

Service the informal sector:

Zimbabwe has a large informal sector. A large part of Zimbabwe’s GDP is in the informal sector without access to banking, investment and credit opportunities.

Challenges we ran into

We found out about the hackerthon with less than 48 hours left to the end of the hackerthon.

Accomplishments that we're proud of

We managed to integrate Gemini chat in our project with project specific prompts that help our users use our application better and more effectively.

What we learned

We learned how many more ways we can use Gemini integration to make our application more effective and delight our users.

What's next for 54

We need to work on our prompting to make it more nuanced and specific to our project and give much better more useful answers with fewer prompts

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