Yahoo Is Helping People Save Money With Its Social App

Yahoo Is Helping People Save Money With Its Social App
Banks, Insurance & Financial Services

Targeted at millennials, Tanda is a new alternative to savings and credit that allows users to pool money with a small private group

Catherine Ollinger
  • 9 february 2018

This January, Yahoo Finance launched Tanda, a social savings application that allows users to pool their money in groups of either five or nine people to save for short-term goals.

Targeted at millennials—infamous for their meager saving habits—Tanda is similar to a rotating savings and credit association (ROSCA), where each person in the group contributes a set amount and one person takes home all at the end of the month, rotating until each person has had the opportunity to do so. After downloading the app, entering bank information and being verified, users can join existing groups or create one with friends before choosing a monthly payout plan.


+financial services

Learn About Our Membership Services

Need Research Help?
As a member you can ask us any research questions and get complimentary research assistance with a 4-day turnaround. Reports inclde stats, quotes, and best-inclass examples on research topics.
Remain Informed & Strategic
We publish several trends reports each month. By becoming a member you will have access to over 100 existing reports, plus a growing catalog of deep topical analysis and debrief-style reports so you always remain in the know.
See Trends Come To Life
Meet your peers and immerse yourself in monthly trend and innovation webinars and discounted conferences.
No search results found.