Kudysave

Kudysave is a saving and investment that to provide a distinctive financial culture with smart ideas leveraging on technology which enable millennials save and invest automatically.

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Inspiration

After carrying out survey, asking the market women about their experience on the local "OSUSU", we discovered that the set of agents that go about collecting money from people don't always stick to plan, and also, we discovered that most salary earners are not able to reach their goals due to lack of saving culture. with all these problem statements, we were urged to help the situation on ground with the help of technology and following the right approach.

What it does

Kudysave helps people save and invest money automatically by executing on the set dates and time frame by a user.

How we built it

we built Kudysave by leveraging on available APIs provided by Payant payment gateway, through this API, our automated saving and investment process is made possible, and through this API, Kudysave users are able to generate and manage their own virtual account number of which they can equally make a direct bank deposit to from any bank in Nigeria and the money would appear on their kudysave dashboard.

Challenges we ran into

We started by using Nigerian based hosting service, we had issues with our email entering spam, our ticketing system not functioning well, then we also encounter some financial challenges at the time of incorporation and challenges winning public trusts.

Accomplishments that we're proud of

We launched in August 2019, we have made a total of N348,000 savings and over N2,400,000 investments. We have been able to upgrade to a new server, and we have been able to fix our ticketing system, register the business with a minimum share capital in order for us to start operation while we work on how to raise funds to upgrade the share capital

What we learned

Persistency, keeping good relationship with people, we learnt how to really sale out our value to people even when they are other competitors, people still prefer kudysave. We learnt the art of branding and positioning, we learnt about brand projection and recommendation marketing

What's next for Kudysave

The next thing for kudysave is to raise funds from investors, increase the company share capital to the standard required share capital by CBN, afterwards, we would sail and scale aggressively.

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Updates

posted an update —

if you want to deposit on kudysave and probably encounter challenges, you can easily use the Kudysave pay4me link by asking a friend to help you pay using his/her card, then you balance up later.

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