FRAC

FRAC

Micro-Investment Made Easy

The problem FRAC solves

Micro-investing is a lesser-known yet effective method of investing that allows individuals to build wealth gradually by investing small amounts of money on a regular basis. It provides an opportunity for people to invest in the stock market without the need for a large initial investment, making it an accessible option for beginners or those with limited financial resources.
Our app facilitates micro-investing by automatically deducting an additional 1% of the amount paid by the user from their bank account. This additional amount is then invested in a diversified portfolio of stocks or exchange-traded funds (ETFs), providing a simple and hassle-free way for users to grow their wealth over time.
Unlike traditional investment methods, micro-investing requires very little effort from the user, making it an ideal option for those who are too busy or lack the expertise to actively manage their investments. By using small amounts of their daily transactions for investment purposes, users can enjoy passive earnings without having to worry about the intricacies of the stock market.
In the future, we plan to offer reward coupons based on the user's expenditure history, further incentivizing users to invest and manage their finances responsibly.

Challenges we ran into

Since we were not familiar with flutter, we faced challenges while developing pages for our app and routing them, it was consuming a lot of time. Looking at the time constraints we developed figma files for some pages and then tried to convert them into dart code.

Tracks Applied (1)

Open Innovation

Since our app is focused on Micro-Investment hence it falls under open innovation track.

Technologies used

Discussion