WAKI offers a digital family wallet that enables parents to manage their children's school expenses through daily spending limits and instant notifications. The platform also provides integrated payment solutions for businesses, facilitating cashless transactions and inventory management.
Funding
Funding not disclosed
Founders
Product
Problem
Managing school-related expenses for children can be challenging for parents, often involving manual tracking, limited control over spending, and a lack of real-time visibility into transactions. Traditional payment methods at schools and related events can be inefficient and create logistical difficulties for both parents and businesses.
Solution
WAKI offers a suite of digital solutions designed to streamline financial interactions between parents, schools, and businesses. The platform provides a digital family wallet that allows parents to manage their children's school expenses by setting daily spending limits, receiving instant notifications for transactions, and monitoring purchase history. For businesses such as school canteens and event organizers, WAKI delivers integrated point-of-sale (POS) systems with features like inventory management, cashless payment processing, and detailed sales reporting. Additionally, WAKI automates student attendance tracking using biometric and QR code technologies, and facilitates a streamlined dismissal process with a geofenced parent notification system.
Target Audience
WAKI primarily targets parents seeking to manage their children's school expenses, schools aiming to streamline operations and enhance safety, and businesses such as school canteens and event organizers looking for efficient payment and management solutions.
Features
- Digital family wallet with customizable spending limits and real-time transaction alerts
- Integrated POS system for businesses with inventory management and sales reporting
- Support for multiple payment methods, including Mada, Visa, and Mastercard
- Student attendance tracking via facial recognition and QR code scanning
- Automated dismissal system with geofencing and parent notifications
- Parent mobile app for managing family finances and student activities
- Merchant dashboard for managing products, branches, users, and permissions
- Reporting and analytics for sales, attendance, and student spending