You may be familiar with the concept of a company raising capital by an initial public offering (IPO). PIPO takes this capital-raising concept and applies it to individuals.
Imagine having a personal IPO market for people who want to raise money by offering their personal shares and people who want to invest in them, especially friends and family. Through “dividend” payments, the investors of PIPO earn a share from the income of people they invest in.
PIPO is a functional primary market exchange platform prototype that offers valuation and deal making for personal IPO investors.
Hosted by Southwestern University of Finance and Economics in Chengdu (Sichuan, China) over a span of 6 days, Chengdu80 2018 was an international inter-university fintech design and development competition. 8 universities including UC Berkley, National University of Singapore and University of Hong Kong participated in it.
Came Runner-up and won a prize money of 30,000 RMB.
HKU PIPO was developed at Chengdu80 2018 over a course of 80 hours from 31 October to 3 November 2018 by the following team from University of Hong Kong:
- Redux Thunk
- Victory (Data Visualization)
- Random Forest Classifier