Although young people 15 - 34 years old makeup 49%  the employment population, the portion of people within this age group with an RSA is a measly 9.5%, also the current Gross Domestic Savings of the country is 21.65% with a GDP of 432.3 billion USD the average is 93.5 billion USD yearly and about 7.8 billion USD monthly. In a country with a workforce of about 63 million people, it can be assumed, that the average person has an average of 125 USD savings a month, which unfortunately is not the case because of various reasons, such as;  the uneven distribution of wealth, gender pay gap, black tax, the need to grease various palms, and other emergencies caused by poor infrastructure like bad roads or insecurity to name a few. 
 
Some and in most cases, all of these factors come together to drastically reduce a person’s ability to save on their own,for whatever reason,be it investments or acquiring necessities. 
 
Older generations found a way around this with a form of informal financing where a group comes together, and make contributions of equal amounts at the same time during a fixed period and at the end of each period, the members take turns in collecting the total sum contributed. 
 
Here’s an example: James, John, Jane and Joe want to save together, they agree to contribute 500 USD each week, at the end of each week, they have 2000 USD and after each week, every member takes turns collecting 2000 USD to use however they want. 
 
This method has proven beneficial over the years because it helps people reach their financial goals quicker and some popular uses of these particularly in Nigeria are paying children’s fees, acquiring assets like land, holding on to it in case of an emergency, 
 
However this wasn’t very common with the younger population, then came the challenge to digitize the process