Gamifying Financial Literacy
Empowering financial literacy through gamified learning
Mateo Acosta
"The team was attentive, responsive, punctual, and communicated effectively via virtual meetings. Their English fluency was commendable, reducing barriers to development and increasing productivity.”
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Who is
Alora Finance
?
Alora Finance is an innovative online learning platform designed to enhance financial literacy among high school students aged 14 to 18. The platform provides interactive courses and real-life simulations that mimic everyday financial decisions, aiming to improve students' engagement and retention of crucial financial concepts. With a mission to bridge the financial education gap, Alora Finance equips young adults with the knowledge and skills necessary for responsible financial decision-making in adulthood.
Challenge
In today's world, many high school graduates enter adulthood with a limited understanding of personal finance. Basic concepts such as budgeting, credit scores, investments, and insurance are often overlooked in traditional curricula, leaving students unprepared to navigate their financial futures. Additionally, existing financial education tools fail to engage students, leading to low retention rates and a lack of practical application.
Alora Finance faced the challenge of creating an engaging learning experience that addresses these gaps while providing measurable outcomes for students, teachers, and potential financial institution partners.
Solution
Key features of the platform include:
- Real-life simulations: Students experience budgeting, credit card management, investing, and dealing with unexpected life events in a risk-free environment.
- Gamification: By incorporating quizzes, activities, and leaderboards, Alora Finance keeps students engaged and motivated to learn.
- Custom branding opportunities: Financial institutions can integrate their products and services into the simulations, providing targeted exposure to future customers.
Crunchloop’s agile development approach ensured that the platform was built with user-friendly navigation, seamless integration for teachers, and robust tracking metrics to measure engagement and learning outcomes.
Things we love
- Empowering the next generation: Alora Finance’s mission to improve financial literacy aligns with Crunchloop’s vision of creating impactful digital solutions that solve real-world problems.
- Gamification done right: The platform’s simulations and interactive content make financial learning fun and practical, increasing retention and application of financial knowledge.
- A scalable model: The platform’s flexibility allows for continuous improvement and customization to fit different educational standards and market needs.
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