Edinburgh based fintech crowdfunding for new app
Financial education Scottish fintech MoneyMatiX is launching a fundraising campaign to raise £12,000.
This campaign will support the launch of its KUZAKASH APP using the RBS Back Her Business scheme which pledges to match fund up to 50% of their crowdfunding target. MoneyMatiX was launch by two highly motivated and driven mums passionate about making money management accessible to all.
Financial habits are becoming ever more complex with young people turning to adults for financial guidance but finding them ill-equipped at money management. This led MoneyMatix to develop KUZAKASH, a family finance management APP promoting meaningful financial interactions between children, parents & teachers.
Kuzakash uses visualisation tools to make financial goal setting fun and achievable. Both adults and children can set, track and contribute towards their goals which are used as the educational touch-points to illustrate healthy money habits.
This raise will be used to carry out beta testing of the KUZAKASH APP and a consumer education campaign.
“Financial management skills are one of the most important factors that determine our lifestyle choices. Money is a continuous touchpoint throughout our lives and technology can help make this touchpoint meaningful by enabling people to create healthy interactions with money.”Tynah Matembe, CEO of MoneyMatiX
“There is an African proverb that says it takes a village to raise a child, but I want to add to it that it takes a family and community to foster good financial habits. In this day and age of influencers, young people should not only be influenced by fashion or talent, but they should also be influenced by skills that will last for a lifetime like financial education. We are building a generation of financially savvy youngsters who will not only impact their communities but the economy at large. We can’t do this on our own! We need your help to build financially capable communities.”Helene Rodger Co-Founder and COO of MoneyMatiX