I

InvestoPay

Making investing in commodities easy, simple and part of daily transactions

I

InvestoPay

Making investing in commodities easy, simple and part of daily transactions

The problem InvestoPay solves

When we all hear the news of a new market boom, can’t help but have a feeling of missing out.

Well not with InvestoPay

• With Investopay your everyday transactions will remind you that you’re missing out and you can automatically invest little on a daily basis.
• InvestoPay is a payments app based on top RazorPay gateway leveraging Bhim UPI primarily which helps in your daily transactions.
• Every time a transaction is incurred using Investopay , the transaction amount is rounded off to the nearest 10 or 100 and the extra amount is invested in lucrative stocks and other commodities.
• The reason we focused on this idea was primarily so that more and more people get into the habit of investing. Even if an individual doesn’t have time to see which app to use and which funds to buy, they can still reap the benefits of regular investing.

In the backend, we see what funds will be most lucrative and invest your funds for a min of A financial quarter or 4 months

Challenges we ran into

We took on some ambitions but later due to time constraints weren’t able to resolve them.

• We couldn’t open the camera app using to scan the QR code of a merchant, and we didn’t have time to make a QR scanner to be integrated into the platform
• We wanted to integrate google finance APIs to show real-time charts of various stocks and commodities but we couldn’t find good documentation for us to do that easily.
• We hardcode some bits which could have been done but weren’t because we would have build templated and functions for them from the ground up

We learned how not to underestimate cause we did a lot that we thought we won’t be able to do before the start of the HACK.

Technologies used

Discussion