Mounae is a financial management app designed to give Nigerians a birds-eye view of their finances so they can make better financial decisions and achieve financial goals. Mounae provides different financial services incorporated into one app.
In August 2019, we engineered a survey to understand user behaviours with currently available financial tools in Nigeria and how they can be improved. There are different fintech applications in the market but few tackled financial management and the ones that did, failed as a result of low user turnout. On the user end, we found out the following:
To understand the fintech space, we needed to understand what management tools were currently available, to what extent does a user benefit from them and what could make Mounae different and more efficient? We concluded on the following:
We came to an understanding that to provide an effective financial management tool, we needed to provide every aspect that can be beneficial to an individual’s finances.
We came to an understanding that to provide an effective financial management tool, we needed to provide every aspect that can be beneficial to an individual’s finances. We decided to be different and give users the full value of financial management
This was designed to help users navigate through the app conveniently. We showcased each financial service Mounae offered to make it easily accessible for the users. It also displays an overview of each services to help user get a quick understanding of any area of their finance
This feature was designed to help users authorise their Mounae account to access their bank statement in real-time. This was designed to remove/reduce the manual process of inputting expenses and income.
This feature was designed to help users plan financial goals like monthly budget, expense on a particular item or project. It also helps users monitor and manage their financial goals/targets.
This feature was designed to encourage savings and investment in users and lead them on their path to financial freedom.
This was designed to help users understand their spending pattern by analysing expenses and income.