Prototype Demonstration
Smart wallet
Our smart wallet was designed with simplicity and ease-of-use in mind. A 4-inch touchscreen display, a 4x4 numerical keypad, a mini LCD monitor, a RFID tag, and a GPS module are all tightly packed into a sleek, pocket-sized, WIFI-enabled wallet powered by Arduino UNO and the NodeMCU module. With a sleeve for your cash, this smart wallet gives users the ability to choose whatever medium of payment they desire, while ensuring that every single transaction is tracked and accounted for.
cloud dataBASE
Our cloud database, powered by Google Firebase, stores information about users' transactions, whether that be amount, category, or location. An NML machine learning algorithm utilizes location-based information to categorize transactions into different spending categories. We then utilize our AI-based algorithms to detect patterns in spending and generate financial suggestions that enable users to change their spending habits to improve their financial wellbeing.
Mobile Application
Our mobile application connects directly with our cloud database and displays information about users' spending habits in a comprehensible manner. Neatly organized charts display all the information you need to understand your personal spending habits - when, where, and how you spend your money. Jeff, your personal financial buddy, is powered by groundbreaking AI-algorithms that detect financial habits and generate suggestions to minimize redundant spending.
How MoneyMate works
Brining together the classic wallet we all know and love with 21st century technology, our smart wallet enables users to combine the best of both the cash and cashless worlds. With a 4-inch LCD screen to display all your personal IDs, a 4x4 numerical keypad to enter information about cash transactions, a RFID sensor to perform cashless user-to-user and user-to-merchant transactions, and a GPS module to keep track of location, MoneyMate's smart wallet cannot get better. All components connect seamless together via the Arduino UNO. With the NodeMCU, your wallet is directly connected to the cloud, making sure to keep track of every penny you spend. Packed with all the features you need, our smart wallet is set to transform your daily lifestyle and financial wellbeing.
MoneyMate Smart Wallet
Meet The Team
Aaryan Singhal
Co-Founder
CTO
Aaryan Singhal is an Indian rising senior studying at the American School of Dhahran in Saudi Arabia. A maker and a tech-enthusiast at heart, he loves to use his technical and non-technical skills to build things that solve problems around him. Having grown up in seven different countries, he brings a diverse and multicultural perspective to the team. At MoneyMate, Aaryan worked with the team to create the product prototype, bringing to life a functioning WIFI-enabled smart wallet and a mobile application to life within a couple of days. He is passionate about MoneyMate, as he believes it has great potential to augment people's understanding of personal finance, something he believes is not emphasized enough in today's education system.
Sofia Michaelides
Co-Founder
CMO
Sofia Michaelides is a British rising senior studying at the American School of London in the United Kingdom. Deeply interested in the business world, she hopes to constantly expose herself to startup-related experiences. Having founded and led several successful clubs at her school, Sofia brings a valuable marketing perspective to the team. At MoneyMate, Sofia worked with the team to develop the core go-to-market plan for the product. She personally associates with the MoneyMate product, as she has always hoped to be able to understand her financial habits better. Sofia believes the product has great potential in the market, not only because of its key value propositions, but also profitability prospects.
Tanish Kelkar
Co-Founder
COO
Tanish Kelkar is an Indian rising senior studying at the Indian Model School in India. Having always been interested in finance, he i constantly on the lookout for new ways to innovate in the world of economics. He brings a strong finance-background to the team, something he has developed via personal activities, such as investing in the stock market. At MoneyMate, Tanish worked with the team to design the user experience that would motivate customers to take steps towards improving their financial wellbeing. He is truly excited about the product the team has brought to market, as he sees the massive potential of MoneyMate in his Indian hometown, a place where he has identified great demand for financial-wellbeing related products.
Teena Bhatia
Co-Founder
CFO
Teena Bhatia is an Indian rising senior studying at the Jayshree Periwal International School in India. As someone passionate about working with the community around her to improve others' wellbeing, she is always striving to identify gaps in society which she can close using her skillset. Having founded startups and led multiple organizations, Teena brings invaluable operations experience to the team. At MoneyMate, Teena worked with the team to develop the business model for the financial-wellbeing product. She could not be happier with MoneyMate, a product she believes can play a crucial role in bridging the divide between cash and cashless based payment systems, enabling users to benefit from the best of both worlds.