AUSTIN, TX (June 25, 2020) — Award-winning financial education startup Zogo Finance has surpassed 50,000 downloads and 900,000 modules completed on its free, interactive app that teaches Gen Z and young Millennials the fundamentals of personal finance on their smartphone.
Zogo CEO Bolun Li founded the company in spring 2019 when he was still a computer science and economics student at Duke University. Since then, Li said, Zogo’s app has grown far more quickly than anticipated.
“The engagement we’re seeing has far exceeded our expectations and is increasing every day. We actually have to control our growth a little bit — it’s almost overwhelming,” Li said. “These results are proof that Zogo is addressing a critical need in today’s financial market.”
A significant portion of Zogo’s users are working through the app’s interactive, game-like modules in partnership with a local financial institution, building their relationship with a community bank or credit union while getting paid to learn about personal finance.
“Not only does our app provide Gen Z and young Millennials with the tools to lead successful and empowering financial lives — we connect them with the community-focused financial institutions that will help them do it,” Li said. “It’s a win-win: Zogo addresses a critical gap in financial education for young adults, while simultaneously helping credit unions and banks build their next generation of members.”
As the company nears one million modules completed, Li remains focused on his vision for Zogo.
“Our mission has always been to lead the financial industry forward by connecting with the needs and dreams of younger generations,” Li said. “Our continued growth empowers us to fully realize that potential.”
