Ask HN: Building a similar app to Yahoo Tanda app

Growing up, my parents were heaving involved in local savings and contributions where few friends comes together to make a contribution say $20 every Saturday and then circle round till every member of the group has received their portion of the combined-contribution.

This worked pretty well, as a matter of fact, it was the help of some of this contributions that our parents were able to afford our college tuitions and pay for books e.t.c.

Fast-forward to 2018, when I saw Yahoo Tanda app, it brought so much memory. I was actually in the process of building a similar app and get some wisdom from my mother how it used to work e.t.c but on seeing the Tanda app, I thought I better not compete with Yahoo :)

Unfortunately, just 3 months later, this app got stopped for reasons explained here https://techcrunch.com/2018/05/25/yahoo-shuts-down-social-savings-app-tanda-only-months-after-launch/ now, my interest picked again. My friends are asking that we put some savings together and I know its mostly referring to an idea behind the Tanda app.

I want to get started on this project but want to make sure I’m building something people will use. I know my family and friend will as we all grew up with this understanding but that won’t be enough.

So to the question, 1. Will you use this app to put some savings together with friends? 2. If not, why not? 3. What should we bear in mind should we be looking to go ahead with this?

Can’t wait to learn from everyone.