This is where the strength of a tech startup is displayed. In tech, anything is possible (to a large extent). No matter how absurd an idea seems at first, when it is well thought out, it can become something formidable!<\/p>\n\n\n\n
How we set up SavingsGoals <\/strong><\/h2>\n\n\n\nThe engineering team set up a backend service that sources global football events through an API (Application Programming Interface – more on this below<\/em>). This backend service does the heavy lifting and through the API, tells us when a match is starting and ending. It also sends the goal scorers, the number of goals and if the team won or lost the match.<\/p>\n\n\n\nLet\u2019s say Arsenal is playing against Chelsea today, this API will notify us about this match and then will give in-depth details about how the match went. With this in place, we do not need to have someone in front of a TV, \u201cmonitoring\u201d how matches go. Currently, it monitors and gives info about 10 major teams, however, we currently have 8 football savings teams on the app.<\/p>\n\n\n\n
The 8 are:<\/strong><\/h2>\n\n\n\n\n- Barcelona – Culers<\/em> <\/li>\n\n\n\n
- Manchester City – Boys in blue <\/em><\/li>\n\n\n\n
- Arsenal – Gunners<\/em><\/li>\n\n\n\n
- Liverpool – Never walk alone<\/em><\/li>\n\n\n\n
- PSG – This is Paris<\/em><\/li>\n\n\n\n
- Manchester United – Red devils<\/em><\/li>\n\n\n\n
- Real Madrid – Hala Madrid<\/em><\/li>\n\n\n\n
- Chelsea – Up blues!<\/em><\/li>\n<\/ul>\n\n\n\n
How users are building wealth with SavingsGoals<\/strong><\/h2>\n\n\n\nWhen you join a SavingsGoal<\/a>, you will automatically save N500 every week in your SavingsGoal plan. This continues until the first time your team scores. Once your team scores, you will then begin saving N500 only when your team scores a goal. <\/p>\n\n\n\nWhenever a team scores, we multiply the number of goals by N500 and charge the user. This means that each goal saves N500 for you (Note: You can always top up<\/a> the plan with more funds whenever you want). So, imagine you’re a Liverpool fan and your team is playing today; if they score 3 goals, you will automatically save N1,500.
If your team does not score a goal, nothing happens. <\/p>\n\n\n\nAlso, each SavingsGoal has a leaderboard where you can see who has saved the most. This encourages healthy competition in each team as the person leading rarely wants to “lose” to someone else. <\/p>\n\n\n\n![\"\"](\"https:\/\/cowrywise.com\/blog\/wp-content\/uploads\/2023\/07\/a2-3-1024x221.png\")
<\/a><\/figure>\n\n\n\nWhat is an API?<\/strong><\/h2>\n\n\n\nFor a non-technical person, API is like magic ?. <\/p>\n\n\n\n
Essentially, it\u2019s what connects different technical programs or systems, such that software can interface and seamlessly offer a service to other pieces of software. An API allows 2 or more different systems to communicate in a language they all understand.<\/p>\n\n\n\n
For example, Cowrywise is set up to help users automatically save and invest. Now, we\u2019re building an API that allows other tech companies to offer this same service to their users \u2013 without having to go through the work of building a separate app for this purpose. <\/p>\n\n\n\n
For example, MTN is a tech company providing airtime services to millions of users. By just plugging into our API, MTN would be able to offer additional wealth-management services to users without them having to sign up directly on Cowrywise. This way, MTN could use our API to give additional benefits to users at no extra cost to them. <\/p>\n\n\n\n
See why I earlier said it\u2019s like magic? But it\u2019s not. It\u2019s a truckload of codes set up to make things work smoothly on the front end. <\/p>\n\n\n\n
Has anything ever gone wrong<\/strong> with SavingsGoals<\/h2>\n\n\n\nI asked our Senior Backend Engineer this question and got a really great answer. We all know that as great as tech is, it bugs<\/s> breaks sometimes. Thankfully though, the Savings Goals API has had a 99% uptime so far, with everything working as it should. <\/p>\n\n\n\nFulfilment beyond tech uptime<\/strong><\/h2>\n\n\n\nIt is one thing to ideate as a team, it is another thing for users to use and love that idea when it\u2019s live. <\/p>\n\n\n\n
For us, success is measured by how many people join these SavingsGoals and how many keep using them. So far, about 4000 people are in the 8 savings goals, with some being in more than one SavingsGoal \u2013 which is what happens when you love two things almost equally<\/em>. <\/p>\n\n\n\nSince its inception, the Football Savings Goals have grown month on month and as a team, we\u2019re excited that people get to exchange football betting habits with automated football savings habits (where they still get to earn interests.)<\/p>\n\n\n\n
Why this is a big deal<\/strong> <\/strong><\/h2>\n\n\n\nOne of the main reasons we introduced SavingsGoals was to help people replace the habit of sports betting. As harmless as betting might seem, it can lead to addiction and the loss of your hard-earned money.<\/p>\n\n\n\n
According to Scientific American<\/a>, \u201cTen years ago the idea that someone could become addicted to a habit like gambling the way a person gets hooked on a drug was controversial\u2026 Now researchers agree that in some cases gambling is a true addiction.\u201d<\/p>\n\n\n\n![\"SavingsGoals](\"https:\/\/cowrywise.com\/blog\/wp-content\/uploads\/2022\/04\/Test2-1024x552.jpg\")
<\/figure>\n\n\n\nThis poll had 239 votes in total. It is alarming that out of 42% of people who have tried sports betting in the past, the majority at 34% have lost money. This isn\u2019t a surprise because betting is not a money habit that eventually leads to wealth. You can get lucky a few times, but it is not sustainable. <\/p>\n\n\n\n
You might find this Twitter thread<\/a> interesting.<\/strong><\/p>\n\n\n\nInstead of building on a habit that can potentially damage you, SavingsGoals help you cultivate a money habit that is positive and sustainable.<\/p>\n\n\n\n
\u201c…doing well with money has a little to do with how smart you are and a lot to do with how you behave\u201d \u2015 Morgan Housel, The Psychology of Money<\/p>\n\n\n\n
With SavingsGoals, we\u2019re helping people do better with money.<\/p>\n\n\n\n
What\u2019s next? <\/strong><\/h2>\n\n\n\nWith the success and growth that SavingsGoals have experienced, we\u2019re determined to do more. With more triggers that people are emotionally attached to, it means that you can automatically save and invest, say after booking a movie ticket, or after completing a ride.<\/p>\n\n\n\n
It is still early stages with SavingsGoals and we’re excited to see other features that this births.<\/p>\n\n\n\n
Now, over to you ?<\/h2>\n\n\n\n
And this is where you come in…<\/p>\n\n\n\n
What triggers will you like to see on Cowrywise? What things do you love and enjoy and would love to build the habit of saving and investing upon?<\/p>\n\n\n\n
Please share with us in the comments. We can\u2019t wait to hear from you. <\/p>\n\n\n\n
Don’t have a Cowrywise account yet? Then, start building wealth that lasts here<\/a>.<\/p>\n\n\n\n<\/div>\n\n\n\nALSO READ<\/strong><\/p>\n\n\n\nFootball, fandom and wealth \u2013 For the love of the game<\/a><\/p>\n\n\n\n
Let\u2019s say Arsenal is playing against Chelsea today, this API will notify us about this match and then will give in-depth details about how the match went. With this in place, we do not need to have someone in front of a TV, \u201cmonitoring\u201d how matches go. Currently, it monitors and gives info about 10 major teams, however, we currently have 8 football savings teams on the app.<\/p>\n\n\n\n
The 8 are:<\/strong><\/h2>\n\n\n\n\n- Barcelona – Culers<\/em> <\/li>\n\n\n\n
- Manchester City – Boys in blue <\/em><\/li>\n\n\n\n
- Arsenal – Gunners<\/em><\/li>\n\n\n\n
- Liverpool – Never walk alone<\/em><\/li>\n\n\n\n
- PSG – This is Paris<\/em><\/li>\n\n\n\n
- Manchester United – Red devils<\/em><\/li>\n\n\n\n
- Real Madrid – Hala Madrid<\/em><\/li>\n\n\n\n
- Chelsea – Up blues!<\/em><\/li>\n<\/ul>\n\n\n\n
How users are building wealth with SavingsGoals<\/strong><\/h2>\n\n\n\nWhen you join a SavingsGoal<\/a>, you will automatically save N500 every week in your SavingsGoal plan. This continues until the first time your team scores. Once your team scores, you will then begin saving N500 only when your team scores a goal. <\/p>\n\n\n\nWhenever a team scores, we multiply the number of goals by N500 and charge the user. This means that each goal saves N500 for you (Note: You can always top up<\/a> the plan with more funds whenever you want). So, imagine you’re a Liverpool fan and your team is playing today; if they score 3 goals, you will automatically save N1,500.
If your team does not score a goal, nothing happens. <\/p>\n\n\n\nAlso, each SavingsGoal has a leaderboard where you can see who has saved the most. This encourages healthy competition in each team as the person leading rarely wants to “lose” to someone else. <\/p>\n\n\n\n<\/a><\/figure>\n\n\n\nWhat is an API?<\/strong><\/h2>\n\n\n\nFor a non-technical person, API is like magic ?. <\/p>\n\n\n\n
Essentially, it\u2019s what connects different technical programs or systems, such that software can interface and seamlessly offer a service to other pieces of software. An API allows 2 or more different systems to communicate in a language they all understand.<\/p>\n\n\n\n
For example, Cowrywise is set up to help users automatically save and invest. Now, we\u2019re building an API that allows other tech companies to offer this same service to their users \u2013 without having to go through the work of building a separate app for this purpose. <\/p>\n\n\n\n
For example, MTN is a tech company providing airtime services to millions of users. By just plugging into our API, MTN would be able to offer additional wealth-management services to users without them having to sign up directly on Cowrywise. This way, MTN could use our API to give additional benefits to users at no extra cost to them. <\/p>\n\n\n\n
See why I earlier said it\u2019s like magic? But it\u2019s not. It\u2019s a truckload of codes set up to make things work smoothly on the front end. <\/p>\n\n\n\n
Has anything ever gone wrong<\/strong> with SavingsGoals<\/h2>\n\n\n\nI asked our Senior Backend Engineer this question and got a really great answer. We all know that as great as tech is, it bugs<\/s> breaks sometimes. Thankfully though, the Savings Goals API has had a 99% uptime so far, with everything working as it should. <\/p>\n\n\n\nFulfilment beyond tech uptime<\/strong><\/h2>\n\n\n\nIt is one thing to ideate as a team, it is another thing for users to use and love that idea when it\u2019s live. <\/p>\n\n\n\n
For us, success is measured by how many people join these SavingsGoals and how many keep using them. So far, about 4000 people are in the 8 savings goals, with some being in more than one SavingsGoal \u2013 which is what happens when you love two things almost equally<\/em>. <\/p>\n\n\n\nSince its inception, the Football Savings Goals have grown month on month and as a team, we\u2019re excited that people get to exchange football betting habits with automated football savings habits (where they still get to earn interests.)<\/p>\n\n\n\n
Why this is a big deal<\/strong> <\/strong><\/h2>\n\n\n\nOne of the main reasons we introduced SavingsGoals was to help people replace the habit of sports betting. As harmless as betting might seem, it can lead to addiction and the loss of your hard-earned money.<\/p>\n\n\n\n
According to Scientific American<\/a>, \u201cTen years ago the idea that someone could become addicted to a habit like gambling the way a person gets hooked on a drug was controversial\u2026 Now researchers agree that in some cases gambling is a true addiction.\u201d<\/p>\n\n\n\n<\/figure>\n\n\n\nThis poll had 239 votes in total. It is alarming that out of 42% of people who have tried sports betting in the past, the majority at 34% have lost money. This isn\u2019t a surprise because betting is not a money habit that eventually leads to wealth. You can get lucky a few times, but it is not sustainable. <\/p>\n\n\n\n
You might find this Twitter thread<\/a> interesting.<\/strong><\/p>\n\n\n\nInstead of building on a habit that can potentially damage you, SavingsGoals help you cultivate a money habit that is positive and sustainable.<\/p>\n\n\n\n
\u201c…doing well with money has a little to do with how smart you are and a lot to do with how you behave\u201d \u2015 Morgan Housel, The Psychology of Money<\/p>\n\n\n\n
With SavingsGoals, we\u2019re helping people do better with money.<\/p>\n\n\n\n
What\u2019s next? <\/strong><\/h2>\n\n\n\nWith the success and growth that SavingsGoals have experienced, we\u2019re determined to do more. With more triggers that people are emotionally attached to, it means that you can automatically save and invest, say after booking a movie ticket, or after completing a ride.<\/p>\n\n\n\n
It is still early stages with SavingsGoals and we’re excited to see other features that this births.<\/p>\n\n\n\n
Now, over to you ?<\/h2>\n\n\n\n
And this is where you come in…<\/p>\n\n\n\n
What triggers will you like to see on Cowrywise? What things do you love and enjoy and would love to build the habit of saving and investing upon?<\/p>\n\n\n\n
Please share with us in the comments. We can\u2019t wait to hear from you. <\/p>\n\n\n\n
Don’t have a Cowrywise account yet? Then, start building wealth that lasts here<\/a>.<\/p>\n\n\n\n<\/div>\n\n\n\nALSO READ<\/strong><\/p>\n\n\n\nFootball, fandom and wealth \u2013 For the love of the game<\/a><\/p>\n\n\n\n
How users are building wealth with SavingsGoals<\/strong><\/h2>\n\n\n\nWhen you join a SavingsGoal<\/a>, you will automatically save N500 every week in your SavingsGoal plan. This continues until the first time your team scores. Once your team scores, you will then begin saving N500 only when your team scores a goal. <\/p>\n\n\n\nWhenever a team scores, we multiply the number of goals by N500 and charge the user. This means that each goal saves N500 for you (Note: You can always top up<\/a> the plan with more funds whenever you want). So, imagine you’re a Liverpool fan and your team is playing today; if they score 3 goals, you will automatically save N1,500.
If your team does not score a goal, nothing happens. <\/p>\n\n\n\nAlso, each SavingsGoal has a leaderboard where you can see who has saved the most. This encourages healthy competition in each team as the person leading rarely wants to “lose” to someone else. <\/p>\n\n\n\n<\/a><\/figure>\n\n\n\nWhat is an API?<\/strong><\/h2>\n\n\n\nFor a non-technical person, API is like magic ?. <\/p>\n\n\n\n
Essentially, it\u2019s what connects different technical programs or systems, such that software can interface and seamlessly offer a service to other pieces of software. An API allows 2 or more different systems to communicate in a language they all understand.<\/p>\n\n\n\n
For example, Cowrywise is set up to help users automatically save and invest. Now, we\u2019re building an API that allows other tech companies to offer this same service to their users \u2013 without having to go through the work of building a separate app for this purpose. <\/p>\n\n\n\n
For example, MTN is a tech company providing airtime services to millions of users. By just plugging into our API, MTN would be able to offer additional wealth-management services to users without them having to sign up directly on Cowrywise. This way, MTN could use our API to give additional benefits to users at no extra cost to them. <\/p>\n\n\n\n
See why I earlier said it\u2019s like magic? But it\u2019s not. It\u2019s a truckload of codes set up to make things work smoothly on the front end. <\/p>\n\n\n\n
Has anything ever gone wrong<\/strong> with SavingsGoals<\/h2>\n\n\n\nI asked our Senior Backend Engineer this question and got a really great answer. We all know that as great as tech is, it bugs<\/s> breaks sometimes. Thankfully though, the Savings Goals API has had a 99% uptime so far, with everything working as it should. <\/p>\n\n\n\nFulfilment beyond tech uptime<\/strong><\/h2>\n\n\n\nIt is one thing to ideate as a team, it is another thing for users to use and love that idea when it\u2019s live. <\/p>\n\n\n\n
For us, success is measured by how many people join these SavingsGoals and how many keep using them. So far, about 4000 people are in the 8 savings goals, with some being in more than one SavingsGoal \u2013 which is what happens when you love two things almost equally<\/em>. <\/p>\n\n\n\nSince its inception, the Football Savings Goals have grown month on month and as a team, we\u2019re excited that people get to exchange football betting habits with automated football savings habits (where they still get to earn interests.)<\/p>\n\n\n\n
Why this is a big deal<\/strong> <\/strong><\/h2>\n\n\n\nOne of the main reasons we introduced SavingsGoals was to help people replace the habit of sports betting. As harmless as betting might seem, it can lead to addiction and the loss of your hard-earned money.<\/p>\n\n\n\n
According to Scientific American<\/a>, \u201cTen years ago the idea that someone could become addicted to a habit like gambling the way a person gets hooked on a drug was controversial\u2026 Now researchers agree that in some cases gambling is a true addiction.\u201d<\/p>\n\n\n\n<\/figure>\n\n\n\nThis poll had 239 votes in total. It is alarming that out of 42% of people who have tried sports betting in the past, the majority at 34% have lost money. This isn\u2019t a surprise because betting is not a money habit that eventually leads to wealth. You can get lucky a few times, but it is not sustainable. <\/p>\n\n\n\n
You might find this Twitter thread<\/a> interesting.<\/strong><\/p>\n\n\n\nInstead of building on a habit that can potentially damage you, SavingsGoals help you cultivate a money habit that is positive and sustainable.<\/p>\n\n\n\n
\u201c…doing well with money has a little to do with how smart you are and a lot to do with how you behave\u201d \u2015 Morgan Housel, The Psychology of Money<\/p>\n\n\n\n
With SavingsGoals, we\u2019re helping people do better with money.<\/p>\n\n\n\n
What\u2019s next? <\/strong><\/h2>\n\n\n\nWith the success and growth that SavingsGoals have experienced, we\u2019re determined to do more. With more triggers that people are emotionally attached to, it means that you can automatically save and invest, say after booking a movie ticket, or after completing a ride.<\/p>\n\n\n\n
It is still early stages with SavingsGoals and we’re excited to see other features that this births.<\/p>\n\n\n\n
Now, over to you ?<\/h2>\n\n\n\n
And this is where you come in…<\/p>\n\n\n\n
What triggers will you like to see on Cowrywise? What things do you love and enjoy and would love to build the habit of saving and investing upon?<\/p>\n\n\n\n
Please share with us in the comments. We can\u2019t wait to hear from you. <\/p>\n\n\n\n
Don’t have a Cowrywise account yet? Then, start building wealth that lasts here<\/a>.<\/p>\n\n\n\n<\/div>\n\n\n\nALSO READ<\/strong><\/p>\n\n\n\nFootball, fandom and wealth \u2013 For the love of the game<\/a><\/p>\n\n\n\n
Whenever a team scores, we multiply the number of goals by N500 and charge the user. This means that each goal saves N500 for you (Note: You can always top up<\/a> the plan with more funds whenever you want). So, imagine you’re a Liverpool fan and your team is playing today; if they score 3 goals, you will automatically save N1,500. Also, each SavingsGoal has a leaderboard where you can see who has saved the most. This encourages healthy competition in each team as the person leading rarely wants to “lose” to someone else. <\/p>\n\n\n\n For a non-technical person, API is like magic ?. <\/p>\n\n\n\n Essentially, it\u2019s what connects different technical programs or systems, such that software can interface and seamlessly offer a service to other pieces of software. An API allows 2 or more different systems to communicate in a language they all understand.<\/p>\n\n\n\n For example, Cowrywise is set up to help users automatically save and invest. Now, we\u2019re building an API that allows other tech companies to offer this same service to their users \u2013 without having to go through the work of building a separate app for this purpose. <\/p>\n\n\n\n For example, MTN is a tech company providing airtime services to millions of users. By just plugging into our API, MTN would be able to offer additional wealth-management services to users without them having to sign up directly on Cowrywise. This way, MTN could use our API to give additional benefits to users at no extra cost to them. <\/p>\n\n\n\n See why I earlier said it\u2019s like magic? But it\u2019s not. It\u2019s a truckload of codes set up to make things work smoothly on the front end. <\/p>\n\n\n\n I asked our Senior Backend Engineer this question and got a really great answer. We all know that as great as tech is, it It is one thing to ideate as a team, it is another thing for users to use and love that idea when it\u2019s live. <\/p>\n\n\n\n For us, success is measured by how many people join these SavingsGoals and how many keep using them. So far, about 4000 people are in the 8 savings goals, with some being in more than one SavingsGoal \u2013 which is what happens when you love two things almost equally<\/em>. <\/p>\n\n\n\n Since its inception, the Football Savings Goals have grown month on month and as a team, we\u2019re excited that people get to exchange football betting habits with automated football savings habits (where they still get to earn interests.)<\/p>\n\n\n\n One of the main reasons we introduced SavingsGoals was to help people replace the habit of sports betting. As harmless as betting might seem, it can lead to addiction and the loss of your hard-earned money.<\/p>\n\n\n\n According to Scientific American<\/a>, \u201cTen years ago the idea that someone could become addicted to a habit like gambling the way a person gets hooked on a drug was controversial\u2026 Now researchers agree that in some cases gambling is a true addiction.\u201d<\/p>\n\n\n\n This poll had 239 votes in total. It is alarming that out of 42% of people who have tried sports betting in the past, the majority at 34% have lost money. This isn\u2019t a surprise because betting is not a money habit that eventually leads to wealth. You can get lucky a few times, but it is not sustainable. <\/p>\n\n\n\n You might find this Twitter thread<\/a> interesting.<\/strong><\/p>\n\n\n\n Instead of building on a habit that can potentially damage you, SavingsGoals help you cultivate a money habit that is positive and sustainable.<\/p>\n\n\n\n \u201c…doing well with money has a little to do with how smart you are and a lot to do with how you behave\u201d \u2015 Morgan Housel, The Psychology of Money<\/p>\n\n\n\n With SavingsGoals, we\u2019re helping people do better with money.<\/p>\n\n\n\n With the success and growth that SavingsGoals have experienced, we\u2019re determined to do more. With more triggers that people are emotionally attached to, it means that you can automatically save and invest, say after booking a movie ticket, or after completing a ride.<\/p>\n\n\n\n It is still early stages with SavingsGoals and we’re excited to see other features that this births.<\/p>\n\n\n\n And this is where you come in…<\/p>\n\n\n\n What triggers will you like to see on Cowrywise? What things do you love and enjoy and would love to build the habit of saving and investing upon?<\/p>\n\n\n\n Please share with us in the comments. We can\u2019t wait to hear from you. <\/p>\n\n\n\n Don’t have a Cowrywise account yet? Then, start building wealth that lasts here<\/a>.<\/p>\n\n\n\n ALSO READ<\/strong><\/p>\n\n\n\n Football, fandom and wealth \u2013 For the love of the game<\/a><\/p>\n\n\n\n
If your team does not score a goal, nothing happens. <\/p>\n\n\n\n<\/a><\/figure>\n\n\n\nWhat is an API?<\/strong><\/h2>\n\n\n\n
Has anything ever gone wrong<\/strong> with SavingsGoals<\/h2>\n\n\n\n
bugs<\/s> breaks sometimes. Thankfully though, the Savings Goals API has had a 99% uptime so far, with everything working as it should. <\/p>\n\n\n\nFulfilment beyond tech uptime<\/strong><\/h2>\n\n\n\n
Why this is a big deal<\/strong> <\/strong><\/h2>\n\n\n\n
<\/figure>\n\n\n\nWhat\u2019s next? <\/strong><\/h2>\n\n\n\n
Now, over to you ?<\/h2>\n\n\n\n