"Penny Plotters" partners us with Digi to create an e-wallet that will become synonymous with Malaysian culture, for instance, like Colgate to toothpaste. Our project combines an e-wallet with a financial planner that learns the users spending patterns and records them automatically, to customize a financial budget that encourages savings.
There is a gap in financial literacy among Malaysian youth. An "avocado toast" culture has developed where Generation Y spends recklessly and has little money left over for savings or investments. Penny Plotters aims to encourage budgeting and savings to improve the financial situation of youths in Malaysia, and also the general masses.
The estimated amount of funding will be RM20,000 to develop this project, however as we are partnered with Digi, we hope to gain access to their development teams and resources. The spending will go into development of a feature that automatically records transactions from the e-wallet, an interactive budgeting interface, along with automated analysis tools to customize a financial plan for each user.
ANNOUNCEMENTWe encourage you to connect your Facebook account to pitchIN before submitting your pledge to the project. Otherwise, your pitch will be identified as "anonymous". If you choose to pitch anonymously, pitchIN would still have your information. We would like to know and be able to identify our kind supporters.
To those who are pledging via PayPal, Please take note that the merchant account "WatchTower & Friends Sdn Bhd" is an account used by pitchIN for PayPal transactions.
A pitcher/pledger does not necessarily need a PayPal account to pitch or pledge. What he/she needs is a credit card (Mastercard/Visa) or a debit card. PayPal will also charge a 3.5% processing fee.
However, if you are not comfortable doing an online pitch/pledge - you can transfer the money directly to the pitchIN account as follows:
Pitch Platforms Sdn Bhd
After making the bank transfer, please send pitchIN the proof of transfer by attaching the receipt and your name to the email address: email@example.com with the Project's name in the email Subject Heading.
*Important Note for Debit card holders using PayPal
Please contact the bank associated with your Debit card to ensure online transactions are allowed. For further inquiries with regards to this matter, please contact firstname.lastname@example.org