How Much Does It Cost to Develop Zogo’s Financial Literacy and Money Management App?


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How Much Does It Cost to Develop Zogo's Financial Literacy and Money Management App?

Learn About Cost to Develop Zogo’s Financial Literacy: Creating an app like Zogo that teaches people about money and how to handle it well can be a great way to help people get their finances in better shape. But the cost of making such an app can change based on things like how complicated it is, what features it has, and what platform it is built on.

People have been more serious about money in the previous five years, particularly millennials and Gen Z. To meet this demand for financial literacy, the segment has begun to turn to the social media and entertainment industries, with many surveys indicating that one-third of TikTok users receive financial advice via the platform.

While these platforms fill the void left by a lack of financial literacy in schools, their content may contain dubious advice they cannot sieve through. This is when apps like Zogo come in handy. The financial literacy app employs a combination of gamification and reward approaches to help its millennial and Gen Z users learn various finance concepts in an immersive manner.

To give you a rough estimate, developing an app like Zogo can range from $10,000 to $150,000. Of course, this is a broad range, and the actual cost can vary significantly based on the size and degree of customization needed for the project.

Let us look at the many steps of developing an app like Zogo to understand the effort required to establish a similar fintech application.

Determine Your Target Audience

The first step in making an app like Zogo is to figure out who the app is for. In the case of the financial literacy app, they are focused on millennials and Gen Z users – the space’s newest newcomer. While they use an incentive-based method to keep people involved, if you want to launch your app targeting the same user base, you must discover strategies to keep consumers engaged.

Following the incentive model may also work in your instance, but you must discover additional ways to keep consumers hooked, as a reward system may quickly wear them out.

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Features and Functionality

Developing a financial literacy app like Zogo is broken into three modules: Students, Teachers, and Admin. Let’s look at them one by one to obtain a better picture. Students’ side characteristics of a Zogo-like app

Features and Functionality of Financial Literacy App


The user sign-up section would necessitate several sign-up options such as email, phone, and social network logins. In addition, you must have a KYC mechanism in place to validate the users. For example, Zogo employs the Stripe ID feature, requiring users to upload government identity verification.


Courses and lessons are another essential part of making apps that help people learn about money. When students access the application, they are presented with a list of courses and modules to enroll in. Unfortunately, Zogo lacks a course-specific category, so when you construct the application, you can provide a smart filter option to separate the course names.

Once students have picked a course that interests them, they can finish it at their own pace.


The Zogo application revolves around ‘pines.’ The program pays students with Pineapples for passing in-app tests following course completion, inviting friends, and doing other in-app activities. The kids can then utilize these pineapples as a reward system, exchanging them for items from partner stores such as Amazon, Adidas, and Walmart.


When developing educational software like Zogo, having a leaderboard indicating how users’ friends or other app users are performing as a way of motivation is beneficial.

Contact Customer Service

The latest set of Zogo app features is real-time support capability, which allows customers to communicate with the company via in-app chat, email, and phone.

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A dashboard is the final essential component when developing an app like Zogo. It displays the specifics of their previous and ongoing courses, the number of pineapples won, and the history of incentives to the students. (Read more about How Much Does it Cost to Create a Job Portal Similar to Glassdoor?)

Features of the Financial Literacy App for Teachers

Create a Course

In the teacher’s module, the first stage of custom financial literacy app creation is where they can construct a course. Afterward, teachers can customize the learning they want to impart, the test questions, the module duration, and the launch of a personalized approach.

Examine Course Performance

Aside from course development, a similar program to Zogo should allow teachers to observe how their courses function – students enrolled along with their leaderboard, most learned lessons, level of completion, and so on.

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Features of the Admin Side of the Financial Literacy App

User Administration

Admins should be able to manage users – students and professors – through the application so that the admin can assist them if they lose access to their data.

Course Administration

Creating an app like Zogo for the admin side should help them handle the courses. For instance, they should be able to change or get rid of classes that don’t follow the rules of the app.

Partner Administration

Zogo stands out because it partners with banks and other financial institutions to offer users a place to learn about their products and how they might help. Therefore, when creating an app like Zogo, you must guarantee that you manage these partners and their content so that it receives a lot of attention.

The cost of making an app goes up the more features and functions you want it to have. Zogo, for example, includes features like gamification, quizzes, and educational content, all adding to the development cost.


While Zogo has a simple, gamified UI, it has one flaw: it has a remarkable resemblance to the Duolingo app.

The cost of developing an app can also be influenced by the platform on which it is built. For instance, app creation may be more expensive due to the different programming languages and development tools needed for iOS versus Android.


App Design

The design of your app is another factor that can impact the cost. If you want a custom-designed interface, it will cost more than using a pre-made template. Instead of merely a textual design, SDLC recommends retaining a mix of media elements to keep consumers interested. When you incorporate interfaces such as audio of the chapters, video-based explanations, and display the vision of the chapter, for example, ‘you can save x amount following these learnings’, customers get trust in your program. Creating a design like this contributes to the overall cost of financial literacy software like Zogo. (Read more about Understanding the Budget for Mobile App Development by App Type)

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Development Team

The cost of hiring a development team to create your app can also vary depending on their location, expertise, and experience. Hiring a unit from a high-cost region like the United States or Europe will be more expensive than hiring a team from a lower-cost area like India or Eastern Europe.

The final and most crucial aspect of developing and determining the cost of a financial literacy software like Zogo is the team that will labor behind it.

The typical team structure is as follows –
1 Project Manager
1 UI/UX Designer
2 Android developers
2 iOS programmers
1 QA specialist
1 Deployment engineer.

While the size of the team might vary based on the app’s complexity, it significantly impacts the development cost. This is how. This team structure will cost roughly $60-80 per resource if you employ from India, but it will cost $100-120 if you hire from the US or UK.

Maintenance and Updates

After the app is developed, ongoing costs will be associated with maintaining and updating it to keep up with changing technologies and user needs.

The Bottom Line

Creating an app like Zogo can be a significant investment. Still, it can also be a valuable tool for promoting financial literacy and helping people manage their money more effectively. For example, consider developing an app like Zogo. Working with an experienced development team is essential to ensure you get the best product for your budget.


The first step in making an app like Zogo is figuring out who you want to use. This information is then used to choose the best set of features, make the best design system, and run a QA test before the app is released.

The time it takes to make an app depends on how hard it is to create and how much experience the team has. Generally, it can take anywhere from 3 to 12 months.

The cost of maintaining a financial literacy app can vary depending on the app’s complexity and the number of users. Generally, it can range from $5,000 to $20,000 per month.

You can monetize your financial literacy app by offering a subscription model, in-app purchases, and advertisements or by partnering with financial institutions and earning commission from referrals.

Financial literacy apps help users learn about personal finance management, budgeting, saving, and investing. Because of this, they can help people make intelligent choices about their money and reach their financial goals.


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