With the ever-devastating risk of being defrauded or scammed, Xerde
Limited launches TUDO, the
mobile app that insists on breaking financial
boundaries in a very secure and social form.
The free app takes a completely fresh look at the way people will
manage their finances and reach their financial goals in the future. It
offers the opportunity to create a social network by allowing users to
publish their set financial target on its platform. This feature helps
other users see the target and choose to contribute towards reaching the
goal.
TUDO, has a savings plan which is inclusive of target savings,
periodic savings and locked savings. The app offers itself as a social
media platform for reaching a financial milestone.
Chief Executive Officer at Xerde Limited, Khadijat Abdulkadir in an
address states that “The main objective of TUDO is to disrupt the
current financial ecosystem. In the financial space where you have the
regular banking and savings app, there is always this secretness which
is the opposite if the social media space which brings everyone
together.
“The social media space has a network effect that gives users a reason
to stay longer on the app, make connections and influence others to join
in. TUDO is bringing this network effect from social media into the
financial space. What we are trying to do is disrupt the financial space
by making it a social financial space.”
Head of IT, Linda Okore in a statement adds that “TUDO is offering
users the power to reach financial goals as they would do regularly but
this time with their friends. You have the opportunity to create goals
for yourself which your friends can be a part of and support you but
more than that, also collective goals with your friends.
“As humans, when we collectively work towards something, we are more
activated, excited and we tend to do the most. TUDO helps to push the
power of collectivity and means to reach a goal even faster.”
The app’s group savings platform can monitor the inflow and outflow
of funds thereby making group members accountable for their spending and
giving the opportunity to take immediate preventative steps to minimise
the risk of getting into debt and being defrauded.
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