Fineazy uses AI to develop financial education
by Startacus Admin
Finance education is the key focus of this innovative startup who are using AI to develop financial education for young people...
Not all of us receive a reasonable financial education at school, and even when we do, what teenager is really paying attention to how to responsibly handle the money we don’t yet have? Around the world, finance education varies, is sometimes nonexistent, and is irrelevant anyway for those who cannot attend school. But financial knowledge, and confidence in that knowledge, is important, so there needs to be a way to learn at any time, and at our own speed, without feeling embarrassed or self-conscious about it.
With offices in London, Ghana, and Cape Town, fintech/edtech startup Fineazy has created that way. Their platform is an artificial intelligence chatbot that teaches the user about finances right from the basics, such as how a bank account works.
It is as simple to use as texting a friend, and machine learning means that the chatbot will learn about you, where you lack some knowledge, what ways of explaining things works for you, and generally personalise your interaction with it.
Learning finance doesn’t have to be boring. We’ve created captivating quests, characters and high quality content you can trust.
The Varkey Foundation runs an edtech prize called The Next Billion, the finals for which were held in Dubai in April.
Fineazy was one of only 6 finalists for the prize, only narrowly missing out after the public vote.
On a mission to combat financial illiteracy among young people primarily, its focus is mainly in Ghana for the moment, but it has already begun its expansion into South Africa, Kenya, and Nigeria.
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Published on: 29th September 2019
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