Nowadays, the average Gen Z have less to no financial tool at all that suits their economic needs, and this is because the traditional financial tools have not evolved for the younger generations.
We are living in a fully digital world where Gen Z doesn't have any mobile app that allows them to produce significant profits with their savings on autopilot.
Why are fix-rate savings not attractive or profitable for the younger generations?
With the traditional finance rates being too low, it will require the young generations a substantial amount of time to produce a tangible profit with their savings.
Not having a proper and easy-to-use financial tool that allows managing of risks and short-term profit forces Gen Zs to find more risky gateways to earn money such as gambling, lottery, or buying random crypto and expect x100 return.
Rand aims to bring a financial gateway to all these Gen Z that are looking to make their hard-earned money work for them. Since the beginning of this project, everything has been built on three core principles.
Allow users to win big prizes in short-term with near-zero risk
Allow friends or family members to save and earn yield together for common goals
Create a very easy-to-use UX to allow crypto and non-crypto savvy users to use the app