Estu app for students: US startup launches new personalised financial service
Fintech startup Estu has launched an app for students. The product simplifies student payment transactions, helping them manage their financial flows better.
Product features
According to the developer, the solution includes a diverse set of features, including:
– financial;
– social;
– academic.
Estu focuses on providing personalised services. The app allows students to pay their tuition fees, transfer money to various accounts, and pay bills. Students will also receive notifications when payments are due. It will enable users to control their financial flows better and make timely payments, avoiding delays and possible penalties.
The app also allows users to:
– conduct P2P transfers;
– make contactless payments using Apple Pay;
– top up bank accounts:
– use the ACH network;
– perform domestic and international money transfers.
The startup’s banking partner is Memphis-based Evolve Bank & Trust.
During the development process, the company focused on the social aspects of students’ lives. Estu aims to simplify everyday life so that students can focus on learning. In addition, the solution includes convenient event planning functionality. It synchronises information from the user’s calendar and smartphone. For example, the app can consist of class schedules and attendance information. It can also include information about various events, concerts and meetings.
Another advantage of the Estu solution is that it supports loyalty systems. For example, the service collects discounts on various products – gadgets, books, concert tickets and others – in one place. The startup works with famous companies and services such as Amazon, Best Buy and Ticketmaster.
Benefits of the app for consumers
According to Estu director Raul Valdi, the product is a new solution focused on a specific target group. When designing it, the developers considered all aspects of students’ lives to make it as convenient as possible. As with other consumers, the financial aspect plays a vital role for young people busy with their studies. At the same time, students want to participate in various activities and interact with their peers actively.
The app can be a great tool to improve the planning and organisation of daily tasks. However, its main function is to simplify the contactless payment process. In addition, the app helps to effectively monitor the timeliness of payments, preventing missed payment deadlines for school fees or other services.
It is worth noting that the use of the Estu solution can also be a way to improve young people’s financial literacy. From an early age, they become accustomed to controlling cash flows and planning a budget that takes into account mandatory payments.
