Financial Pitfalls. Just exactly How did Guru Financial turned out to be?


Complete lessons year :

Unit Plan

Product Evaluation

In this concept, pupils should be able to:

  • Identify typical pitfalls that are financial individuals fall under and methods to stop them from occurring or even rebound when issues occur
  • Comprehend the part an adviser that is financial play in assisting individuals fix their funds
  • Utilize appropriate vocabulary to spell it out finance that is personal and pitfalls



In this course, pupils should be able to:

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  • Identify indications of typical kinds of frauds and fraudulence
  • Comprehend the ever increasing prevalence of scams and fraudulence and their effect on the population that is US
  • Simply just Take preventative actions to protect your self from being a target of scams and/or fraudulence
  • Explain actions to simply just just take if you’re a target of the fraud or scam



In this class, pupils should be able to:

  • Identify several types of identification theft, how they may happen, additionally the impact they could have in your life
  • Understand present styles about identity theft
  • Safeguard your information that is personal through number of precautionary measures
  • Outline what actions to simply take if you’re a target of identification theft



In this class, pupils should be able to:

  • Identify several types of predatory lending, such as for example pay day loans, automobile name loans, rent-to-own centers, and pawnshops
  • Explain exactly exactly just how making use of these kinds of loans could cause a vicious period of financial obligation
  • Realize why lots of people utilize forms of predatory financing regardless of the prospective consequences that are financial



In this class, students should be able to:

  • Identify recommendations partners should just just take when designing a provided, economic life style
  • Comprehend the dangers and obligations of offering a unsecured loan, cosigning that loan, and lending credit cards to a pal or member of the family
  • Just just Take protective measures to safeguard your private information and actions to just simply just take if you are a target of family members identification theft



In this class, pupils should be able to:

  • Know very well what the lottery is and just how it impacts participants through the nation
  • Explain why therefore many individuals perform the lottery even though the likelihood of winning have become slim
  • Evaluate whether or otherwise not it really is well well worth investing in the lottery and exactly how else you should use that money in your favor
  • Identify actions lottery champions should take to handle that is best their winnings
  • Recognize typical signs and symptoms of lottery scams in order to avoid being truly a target

Guru Financial

A mobile lending application that is payday

Guru the friendly loan provider is a mobile payday financing application, assisting individuals get free from these economic problems by giving these with little affordable loans and academic resources to assist boost their financial predicament.


Individuals require use of credit so that you can assist spend their bills and look after their own families, however the normal cash advance is inconvenient and has a tendency to keep borrowers in a period of financial obligation. With a report showing over 80% of payday advances rolled over or re-borrowed, and just 14% of borrowers really in a position to manage to pay them straight right right back, mostly as a result of rates that are exorbitant.


Guru could be the very first motivation driven payday financing solution available in the market providing an agreeable substitute for those who work in need of assistance.

With an incentivized payment program, the debtor is rewarded having an incrementally lowered interest rate with every loan payed on time. As well as rendering it cheaper and available for folks to qualify and payback their loans, Guru is focused on educating users on what they can enhance their economic situation with free content and use of educational resources.

Around 2 yrs ago, we began throwing some company a few ideas around, mostly when you look at the economic technology sector (FinTech). Like most aspiring group of business owners, we attempted to recognize a challenge or “gap” and propose an answer or option to the status quo. As expected and also by meaning, we realized that probably the most space that is neglected the economic solutions sector ended up being the “underbanked”. We arrived to appreciate rapidly that for customers with small to no credit, there have been restricted choices to fairly and effectively borrow cash. We looked over that which was around and decided that individuals could produce an improved item.

Our places were set on disrupting the payday financing sector and all sorts of its stigmas by providing a true alternative.


  • Effectively finished closed-loop test that is beta
  • 29 live users & $2500 in issuances
  • 100% rate of success on determining deliberately falsified information
  • Normal application time: 4 min. 50 moments (complete approval within ten full minutes)
  • 100% rate of success connecting bank records (including community banking institutions)
  • Deals on both iOS & Android os
  • Chosen as a premier 100 Startup for Emerge Americas Startup Showcase event
  • Winner for the Miami Herald 2019 business Competition

Next actions

Next steps are to launch the platform successfully. We are not yet live on the app store while we have conducted a beta tests with 29 users and have circulated approximately $2,500 through the app. We have been additionally along the way of negotiating software that is several opportunities with major players in this room. We come across the potential of y our application being a solution that is white-label complementary income stream.

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