Fisk University Students Win Top Prize in #IYKYK Pitch Competition for Financial Literacy Business Idea
Four brilliant students from Fisk University, Ansana Regmi, Destiny Marshall, Remilekun Ore, and Sovit Lekhak, recently took the grand prize in the #IYKYK Pitch Competition, sponsored by Experian and HomeFree-USA. The team, named Team FinLit, impressed the judges with their innovative business proposal, “FinLit HQ,” a personalized gaming experience designed to make financial literacy and credit education a rite of passage for teenagers.
The Team’s Inspiration and Goals
The team was inspired by the lack of financial literacy education in their communities and schools. They recognized the importance of financial knowledge for young adults, especially as they navigate the complex world of credit and loans. Their mission is to make financial education engaging, accessible, and fun through FinLit HQ.
How FinLit HQ Works
FinLit HQ is a gamified platform where teenagers can learn about financial literacy and credit education through interactive games and challenges. The platform will offer personalized content based on each user’s unique financial situation, goals, and learning style. Users will earn points, badges, and rewards as they progress through the games, making the learning experience enjoyable and motivating.
Impact on Individuals
For young adults, the consequences of poor financial literacy can be significant, from high-interest debt to missed opportunities for credit building. FinLit HQ aims to provide a solution, empowering teenagers with the knowledge and skills they need to make informed financial decisions. By making financial education accessible and engaging, Team FinLit hopes to help individuals build strong financial foundations and secure their financial futures.
Impact on the World
The lack of financial literacy education can have far-reaching consequences, from individual financial struggles to societal economic disparities. By providing a personalized, gamified learning experience, FinLit HQ has the potential to make a significant impact on both individuals and the world. By increasing financial literacy among young adults, the platform could help reduce debt, improve credit scores, and create a more financially literate and economically stable society.
Conclusion
The Fisk University students’ innovative business idea, FinLit HQ, is a promising solution to the lack of financial literacy education for teenagers. By making financial education engaging, accessible, and fun, Team FinLit is empowering young adults with the knowledge and skills they need to secure their financial futures. With the $40,000 scholarship from the #IYKYK Pitch Competition, the team is one step closer to bringing their vision to life and making a positive impact on individuals and the world.
- FinLit HQ is a gamified platform for financial literacy education for teenagers
- Personalized content based on users’ unique financial situations, goals, and learning styles
- Team FinLit aims to help individuals build strong financial foundations
- Could reduce debt, improve credit scores, and create a more financially literate and economically stable society
