Photo - Qooore Corp
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Qooore Corp

Social investing app. TickTock & Robinhood

USA, California
Market: Education, training, Financial services
Stage of the project: Prototype or product is ready

Date of last change: 15.06.2021
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Idea

Qooore — social investing app where validated users are sharing their insights about the market, creating impact portfolios, receiving latest news about stocks, and getting tests on basic knowledge of investments.

Qooore helps people make money through social discovery & fun. It’s combines the ease from Robinhood, virality from Tiktok & business model from Patreon.

Current Status

45% monthly growth / 89% organic
1,6K users in active community (Discord)
90% Day 30 retention of Traders ( Influencers)
30% Day 30 retention of Users
15,000 MAU; 1,000 DAU

Market

GenZ and Millennials. First US then Globally.
Market size 140 Billion.

Problem or Opportunity

Getting access to trading is not a problem. What to do, when, and in what to invest. That’s the problem!There are 67 millions of GenZ in the USA. 89% of them think it's a priority to learn about personal finance and 38% of them are looking for financial education in TikTok! Paying to get access to private Slack/Discord/Telegram financial channels.
New generations are entering the market looking for a new approach.

Solution (product or service)

We decided to combine TikTok with Robinhood and founded Qooore. Where our validated users are sharing their insights about the market, receiving latest news about stocks, and getting tests on basic knowledge of investments.

Unlike many others we help our users to invest in people not companies trough user-generated impact portfolios and market insights.

Competitors

Public, Stocktwits, Commonstock & Robinhood.

Advantages or differentiators

We are more Gen-Z & more impactful rather than Public, Stocktwits, Commonstock & Robinhood.
Also, the Patreon-like Memberships model seems to be the most relevant on the post-covid creator economy era. We founded Qooore before wallstreetbets pumped market and this idea bacame mainstream. So we are few steps ahead, with product and audience.

Money will be spent on

We focus on customer development with a goal to satisfy them with a bold product and find the relevant monetization model & growth points. Our main goal for the next 12 months is to reach 70% D30 Rolling Retention with at least 7% of paying active users.

Seed Round Milestones :

500,000 installs
150,000 MAU
$100,000 MRR

Team or Management

Risks

The main reason to fail is not to reach the viral growth traction on the growth stage due to saturated market & overpriced marketing costs

Photos

Photo 1 - Social investing app. TickTock & Robinhood
Photo 2 - Social investing app. TickTock & Robinhood

Product Video

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Idea
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