Cash Queens
We are solving the lack of financial education amongst the younger generation.
Our solution is to educate our users through games, simulations, mini-lessons, and a rewards system.
Our solution will impact others' lives because they will have a larger understanding of financial literacy.
We did extensive research regarding financial literacy and the lack of resources available to our target market.
- Make it easier and more affordable for individuals and MSMEs to make investments and transfer payments, across geographies and across different types of platforms
- United States
- Concept: An idea for building a product, service, or business model that is being explored for implementation; please note that Concept-stage solutions will not be reviewed or selected as Solver teams
0
We want to gain feedback on our idea and find ways to improve it to better help individuals around the globe.
- Business Model (e.g. product-market fit, strategy & development)
- Financial (e.g. accounting practices, pitching to investors)
Our solution is innovative because it utilizes different concepts of understanding financial literacy. Our app approaches this problem by focusing more on a specific group of people - like college students, or people who don’t have the tools to get this information. Although our program is more geared towards empowering females, it is able to be used by any gender for any purpose. This could catalyze broader positive impacts from others in this space by helping them apply their newly acquired knowledge into their own finances. It would completely change the market because of how much time, money, and effort that it saves on the user’s part.
Our impact goals are to improve confidence and improve the financial situations of women that decide to use our program. We hope to build a sense of stability and hopefully help more women become independent, starting with managing their finances.
- 4. Quality Education
- 8. Decent Work and Economic Growth
- 10. Reduced Inequalities
We are measuring our progress by focusing on quality education. We are targeting aspects such as the style of learning. Our main focus is to learn in an innovative method that catches peoples attention. We created a game that allows people to learn all about finance. Additionally, we want to focus on our topic which connects to work and economic growth. The more people know about their finances and that information, the more it benefits our economy as work places would want to hire more people. Lastly, we want to reduce inequalities, basically errors in the information that is being learned. We would make sure that all our information is correct and nothing wrong is being spread. The material has to be up to date and relate with what is going around the world. This is how we are going to measure our progress toward our goals in this app.
We expect our solution to have an impact on this problem because it will assist in helping young people around the globe in improving their understanding of finances. It will help students who did not receive a sufficient financial literacy education in high school better understand it and help them to improve their skills. We believe that in the future this generation will have improved financial skills and avoid debt and taking loans as a result of our app.
The core technology that powers our solution is our game. We use virtual reality in the sense that we provide our users with lifelike simulations that replicate potentially difficult financial situations. This provides our users with the ability to improve their problem-solving skills. This technology is designed to engage our users and help them feel motivated to use our app and improve their knowledge of financial literacy.
- A new business model or process that relies on technology to be successful
- Artificial Intelligence / Machine Learning
- Virtual Reality / Augmented Reality
- United States
- United Kingdom
- Not registered as any organization
We want to include women in financial positions, we want to help low wage workers budget their moneys and cater towards people of all economic statuses. We want to provide all women with the same opportunities to educate themselves on their own time, considering the varying circumstances that women may need to deal with. Additionally, our panels will feature diverse experts catered to helping all women, and sharing personal experiences.
Our business model provides people with learning material about finance. We provide this material through various games. Financial literacy is a huge topic that people need to know about in the real world as they will come across is sometime in their life, our app provides students to efficiently learn the topic while also enjoying the experience and affectively learning all the material. This will help people in the real world but it is also an innovative way to teach them this topic, which will probably stick with them for the rest of their life.
We will become more financially sustainable by funding our own work with our initaial programming knowledge. We will sell our services with premium memberships as well to gain money over a longer period of time. In the long term, these forms of income should be enough to cover the expected expenses.
We have not yet launched our program so we cannot provide the market's success, but we believe that our market will be highly succesful