Money Mitra

Money Mitra

Effortlessly Manage Your Money: Speak, Snap, and Type Your Way to Financial Freedom Directly from whatsapp

Money Mitra

Money Mitra

Effortlessly Manage Your Money: Speak, Snap, and Type Your Way to Financial Freedom Directly from whatsapp

The problem Money Mitra solves

1. Simplifying Expense Tracking

  • For Non-Tech-Savvy Users: By allowing expenses to be logged through a familiar interface using messages, images, audio, or contact cards, the bot drastically reduces the complexity typically associated with financial apps.
    • Messages: Log expenses by simply texting, e.g., "Spent Rs. 500 on mojo pizza."
    • Images: Upload a bill image for automatic expense logging.
    • Audio: Record and send audio for those who prefer speaking over typing.
    • Contact Card: Share a contact card to easily request money splits.

2. Streamlining Budget Management

  • Accessibility for Everyone: Setting up a budget is made approachable through text or voice, catering to various user preferences and technological comfort levels.
    • Messages: Users can define their budget, e.g., "Set this month's budget to Rs. 10,000."
    • Audio: Offer the option to verbally communicate budget constraints or adjustments.

3. Facilitating Money Splits

  • Solving Social Money Transactions: The bot simplifies dividing expenses among friends or family, making it less awkward and more efficient.
    • Create Group: Form groups for shared activities or expenses, e.g., "Create a group called Hackathon."
    • Create Split Request: Easily request money from group members for shared expenses.
    • Clear Splits: Allows users to mark transactions as settled, keeping financial relationships clear and straightforward.

4. Delivering Custom Financial Reports

  • Empowering Informed Decisions: Users receive personalized financial reports upon request, aiding in better understanding and management of their finances.
    Messages: Request detailed reports for any time period
    Audio: Submit requests through voice, making the process more accessible and less time-consuming.

5. Providing Financial Advice

Guidance on Saving and Spending: Offers actionable advice to help users make smarter financial

Challenges we ran into

WhatsApp Comliance

Categorisation of user input to actionables

Combining gen ai with db based entries

Tracks Applied (1)

Generative AI

Fine tuned llama 2 model to generate financial advice, gpt-4 for classification and whisper

Discussion