By Fred Maingi
Football fans will get a rare treat after Chumz, a mobile app came up with a plan that will enable football fans to save money incase their team win, lose or draw. during the ongoing World Cup.
The App will allow Kenyans to invest as little as Ksh 5. The App launched comprise of in-app feature that will enable football fans save money while cheering on their favorite teams.
Dubbed #SuperFans Challenge, football fans can decide what amount of money they want to save should the team they are supporting win, lose or draw throughout the World Cup and Premier League season.
“We are excited to launch this functionality in the Chumz App especially around this time when the World Cup is ongoing and people are investing more time and money to follow the world’s biggest sports event,” noted Samuel Njuguna, CEO of Moneto Ventures Ltd, Chumz App developers.
“As part of discouraging consumerism and encouraging a saving and investment culture especially among the youth, we are challenging Kenyans to enjoy the game but also save a dedicated amount of money on the Chumz app which will earn them interest whilst creating lasting memories,” he added.
The launch comes in the midst of the ongoing Fifa World Cup which is being watched by billions of people across the world.
Teams that have already qualified for the round include African champions Senegal, reigning World Cup champions France, record winners Brazil, European champions Portugal as well as England and the Netherlands. African teams are still in with a shout with Ghana and Morocco placed second in their groups while Cameroon will advance to the knockout stages should they win their final group encounter against Brazil.
“We are rooting for our African brothers and hoping they go far. We hope Kenya will get there some day but until then, we want help put down an efficient saving structure for sports lovers,” said Njuguna.
The Chumz App allows anyone with a mobile money account to be able to create financial goals as an individual or as a group, invest their money towards the goals, and to track progress and earn interest.