A locally-made financial app considered by some to be one of the most exciting recent projects to come out of Fiji, the company behind the Sole Fintech app has plans to expand to other Pacific nations once they move into full operations.
The app and its many features are currently nearing the end of their testing phase and have not hit any major issues, pointing to a successful launch.
Reports are sent to governing and licensing bodies fortnightly and the application should receive full licensing early this year.
The mobile app allows users to send, receive, spend, and effectively save their money by providing daily records of income and spending.
The app also provides separate ‘buckets’ for saving for specific projects or expenses that users can label as they see fit and assign a set amount to from each salary.
Sole chief executive officer Mereia Volavola said “We want the next generation to be financially independent so you don’t depend on your parents in their retirement.
“We want to create a financially independent generation so that they can manage their money and have fun and they can have a balanced life so they’re not stressed about money.”
The company is already in talks with international companies for expansion to other Pacific countries and is also exploring the possibility of licensing or selling the IP for the software.
