October 10, 2013
College students are usually cash strapped. Students find it difficult to save their earnings due to high transaction costs charged by the banks. A start up, Waspit, seeks to solve this problem.
Waspit was established by Richard Stegall in 2012. The company acquired $3 Mn through Venture funding from a group of New York based private investors in 2012. As of March 2013, Waspit had 5500 registered users, with another 16000 requesting an invitation to use the platform.