How to grow your money app with students
By SendPay Business · · 2 min read
Students are often happy to try a new app, they live close together and they talk. Many also receive money from family or send it home. That makes them a strong first group for a money app.
Know what they need
Common student money jobs:
- Receiving money from family, sometimes from another country.
- Splitting rent, bills and meals with housemates.
- Getting paid for part-time work.
- Keeping track of a small budget.
Work with student groups
Societies, especially international and cultural ones, are a natural way in. Offer a short, useful talk on managing money rather than a sales pitch.
Find campus champions
A few students who like your app and tell their friends will do more than any poster. Listen to them and fix what they find.
Be clear and honest
Students are careful with small budgets. Show every fee up front and explain plainly who holds their money.
Build it
Create your own financial platform.
Pick a template, name it, brand it, preview every page before you pay. Your brand, your users, your fees.
Build my platform →Questions people ask
How do I work with champions?
The champions guide covers finding and supporting people who spread the word.
Work with community champions →How do I build a community?
The community guide covers bringing your users together.
Build a community →Can I call it a bank?
In most countries "bank" is a protected word you can only use with a banking licence. Call it an account, a wallet, an app or a platform. The accounts and payments behind a SendPay Business platform are powered by licensed partners.
Is there a step-by-step plan I can follow?
Yes. The free launch checklist takes you from picking your people and naming your app to setting fees, going live and winning your first ten customers.
Digital bank app launch checklist →How do I start?
Pick a template, name it and preview every page before you pay. Your platform can be live on your own domain within 24 hours of confirmation.
Build my platform →Read next
This guide is general information, not legal or financial advice. SendPay Business is a technology company, not a bank, and does not take deposits; regulated services on the platforms are provided by licensed partners. PayPal, Patreon and Substack are named as reference points only and are not affiliated with SendPay Business.