Market Research and Competitive Analysis for Contribiia

Open
Imranify
Toronto, Ontario, Canada
Shakir
Fintech
(5)
5
Project
Academic experience
120 hours of work total
Learner
Anywhere
Intermediate level

Project scope

Categories
Market research Competitive analysis Financial services Product or service launch Marketing analytics
Skills
target market marketing budgets marketing strategies market size branding management sales market share research
Details

Contribiia is a revolutionary financial platform designed to empower users by combining collaborative savings, credit-building, and accessible loans in one seamless system. With automated bi-weekly contributions, users pool funds and receive payouts in a fair, transparent cycle while improving their credit scores through reported payments. The platform also offers tailored loan options, financial literacy tools, and a secure, trust-driven ecosystem to help users achieve life-changing goals like starting a business, buying a home, or enhancing their financial health. Contribiia redefines financial freedom by fostering inclusion, trust, and community-based empowerment.

Deliverables
  • A deep understanding of target customers, their needs, and behaviors.
  • Identification of key competitors, their strengths, weaknesses, and market strategies.
  • Clear insights on regulatory requirements to ensure compliance.
  • Defined unique selling points and competitive advantages for Contribiia.
  • Data-backed recommendations for effective marketing, user acquisition, and retention strategies.

Deliverables:

  • Customer Personas: Profiles representing typical users, detailing demographics, needs, and motivations.
  • Market Size and Trends Report: Analysis of the digital financial service market, including growth trends and economic factors.
  • Competitor Analysis Document: Detailed overview of key competitors, comparing features, pricing, user experience, and brand positioning.
  • Regulatory and Compliance Guide: Summary of legal and compliance requirements related to group contributions and digital payments.
  • SWOT Analysis: A strengths, weaknesses, opportunities, and threats analysis for Contribiia.
  • Marketing Strategy Outline: Recommendations for effective marketing channels, messaging, and user retention strategies.
  • Financial Viability and Revenue Model: A preliminary projection of costs, potential revenue streams, and expected growth.


Final deliverables should include

  • A report including research, survey data trends, and recommendations for next steps for our branding and positioning.
  • A 20-minute presentation.
Mentorship
Domain expertise and knowledge

Providing specialized, in-depth knowledge and general industry insights for a comprehensive understanding.

Hands-on support

Direct involvement in project tasks, offering guidance, and demonstrating techniques.

Regular meetings

Scheduled check-ins to discuss progress, address challenges, and provide feedback.

Supported causes

The global challenges this project addresses, aligning with the United Nations Sustainable Development Goals (SDGs). Learn more about all 17 SDGs here.

No poverty

About the company

Company
Toronto, Ontario, Canada
0 - 1 employees
Banking & finance, Technology

Contribiia is a cutting-edge financial platform that combines collaborative group contributions, credit building, and accessible loans to empower users on their financial journey. With a secure, user-friendly mobile and web interface, the platform allows users to join contribution groups, make automated payments, and receive payouts on a rotating basis. In addition, Contribiia helps users improve their credit scores by reporting consistent payments and offers fair, personalized loan options. By providing a transparent, inclusive, and low-barrier pathway to financial resources, Contribiia fosters financial freedom and empowers individuals to achieve their goals with confidence.