MyKolo is a cashless mobile piggy bank application that helps people save money towards planned goals/targets and achieve them at amazing discounts.
MyKolo is designed and created to address the problem of poor saving culture among Nigerians, address the issue of impulse buying/unplanned spending from planned savings and to reduce the risk of handling cash to make payments for products and services.
We offer incentives in form of interests and discounts on savings targets to help people save and help them achieve their targets.
Our target customers are Students in higher institutions, NYSC members, SME owners and Salary earners which constitute a large percentage of the population.
Our pilot test reveals the kinds of items our targets customers are willing to save towards which has informed our partnership with major manufacturers, distributors and service providers in order to negotiate great discounts.