We were inspired by the Decentralized Finance(DeFi) revolution trying to provide access to financial assets to all. The spirit is great but DeFi is too complicated. With Stockup, we aim to provide young adults that are just starting out their adulting life access to the stock market.
What it does
The app allows users to buy stocks in companies they frequently purchase from. They can start by rounding up their purchases and invest more by setting it up to buy a certain amount or percentage of their purchases. It also gives users news and community updates based on their portfolio and interests.
How we built it
Challenges we ran into
It was difficult to work together due to school assignments, lag in communication due to the virtual setting, and attending the workshops. It was also difficult to figure out the user flow and the tools that will be needed to build a working prototype. It was also difficult to get a Github repository that we all can make edits setup.
Accomplishments that we're proud of
Clarified our idea and what the end product should look like. Built prototypes using HTML/CSS/SCSS. This idea has a lot of potentials and we see that it can provide users real value.
What we learned
We learned the importance of making components manageable and scalable. We also learned how to make a collaborative GitHub repository, and how to use npm in a terminal. We learned how to build a prototype, starting from the basic idea phase.
What's next for StockUp
We plan to build this out a lot more over the summer. We will build the front end using React Native/Flutter. We will implement a back-end system for user management, linking funding sources, and showing portfolio performance data using APIs, i.e., Plaid, OAuth, IBKR, etc. We plan to continue working on it through other hackathons or until this is a real product.