Young adults under 35 have a global savings rate of -2%, meaning they spend more than they save and lack financial cushions for unexpected costs or long-term goals. TEGA aims to address this by creating an app that automatically determines safe amounts to save based on users' lifestyles, without requiring users to manually transfer arbitrary monthly amounts. As people recover from recession and technology enables automated micro-savings, TEGA sees an opportunity to launch an automated savings platform that makes sense in the current environment.

1. TEGA
“A Better Everyday for Everyone”

2. PROBLEM
After the recession young adults have stopped
savings. Adults under age of 35 currently have a
savings rate of -2% worldwide. This means they are
left without a financial cushion for unexpected
expenses and also makes it difficult for them to realize
their goals like homeownership, retirement etc.

3. SOLUTION
“An app to automate your savings!
We will automatically figures out when and how much is safe
to save based on your lifestyle. We don’t require you to figure
out an arbitrary amount to transfer every month.”

4. WHY NOW
“After recovery from recession, people are less
reluctant towards traditional savings model where
savings is done manually with big investments.
While changes in technology makes it possible
automate the saving process without having user to
care about it.
An automated micro saving platform would make
sense in the current scenario, which is what we are
about!”