A recent study from Germany conducted shows that 33.6% people struggle with compulsive buying. Many want to spend less, but struggle to do so.
To make matters worst, eCommerce has made it extremely convenient to shop. These sites use seductive strategies to lure customers to spend more and more.
According to CNBC, average american have a credit card debt of USD38000 and they spend 50-100% trying to pay off that debt.
After installation, you will be prompted to set your monthly budget. You may readjust this amount on a later date.
Stop bursting your budget and start saving today. With Peanut AI, you become more conscious on your online expenses.
Peanut AI is there for you when you at your most vulnerable. Just as you are about to add an item to cart, she will nudge you to reconsider your decision.
Set aside some of your income and save for when you actually need it.
Peanut AI uses a less intrusive, humorous, and yet educative way in curbing compulsive buying behavior, but at the same time also allowing the general public to build sound financial spending habits.
Our product is based off the principles of nudge theory - a concept made popular by Nobel Laureate, Richard Thaler, that strives to create an environment for people to make better choices and decisions.
Chun Kiat’s passion for the tech sector led him to work in Venture Capital funds in San Francisco and Singapore. He has experience leading investment deals and successfully closed investments in Silicon Valley. He built his first product when he was 18 years old to conserve fish livestock in Singapore. He is currently a business student in his junior year, studying at the National University of Singapore. Chun Kiat has never watched Game of Thrones.
Heng Chun Kiat
Co-founder and CEOWayne discovered his passion for entreprenuership since a young age. He was selected to take part in Harvard ArtScience program at the age of 15 years old. As an undergraduate, he had 1 year experience as a product manager in a startup, Porifera Inc, in the Silicon Valley. He is currently a product manager at Shopee. His favourite Netflix series is YOU.
Wayne Wee
Co-founder and COOLeon's passion for computer science begun at a young age. He was selected for the Stanford International Youth Program at the age of 17 years old. He interned as a full stack developer in a startup, Finesse Digital, as a freshman. He is currently a business and computer science student in his final year, studying at Nanyang Technological University.
Leon Yeo
Tech LeadTakes just 3 clicks and it’s 100% free. You may need to reopen your chrome browser to get it to work.
After installation, you will be prompted to set your monthly budget. You may readjust this amount on a later date.
Peanut AI will begin track your monthly spending and she will prompt you to save.
Peanut AI was the winner of HackMentalHealth 2019 held in San Francisco and has gone on to pitch to prominent Venture Capitalists in Silicon Valley. They were recently awarded a $10,000 grant by the National University of Singapore (NUS).
