Greenlight Financial Technology, Inc., creator of Greenlight: the smart debit card for kids, today announced $7.5 million in seed financing. The funding round was led by Relay Ventures with participation from Social Capital, New Enterprise Associates (NEA) and TTV Capital. Greenlight also announced that the company has added its 10,000th paying customer following its January 2017 launch and is on track to process over 1,000,000 transactions this year. Greenlight plans to use this injection of funding to accelerate its growth and fulfill its mission of delivering safe, simple, and family-friendly financial products worldwide. Greenlight is also expanding its team and hiring for several positions in engineering, marketing and customer service.
Companies like Greenlight have released reloadable cards that can be used like debit cards — but only for stores preapproved by the card’s primary account holder.
Greenlight Financial Technology, a startup focused on providing cards and other financial products for children aged 8-18 and their parents, closed a $7.5 million seed funding round last week, according to PE Hub.
Greenlight, the startup that provides a debit card for children in which funds can be reloaded from a mobile app and places restrictions on the merchants at which children can make purchases, has raised $7.5 million in funding.
For parents today, a company called Greenlight is offering a smart debit card that can be given to their kids, instantly reloaded with funds from a mobile app, and place restrictions around merchants their children can make purchases...
Greenlight Financial Technology, an ATDC company, raised the seed funding from Relay Ventures, Social Capital, New Enterprise Associates (NEA) and Atlanta’s TTV Capital. The investment values the ATDC company at about $20 million
Greenlight Financial Technology, an Atlanta-based creator of a smart debit card for kids, raised $7.5 million in seed funding. Relay Ventures led the round, and was joined by Social Capital, New Enterprise Associates, and TTV Capital.
Relay Ventures has led the round for Greenlight Financial Technology, the provider of a smart debit card for kids. The startup’s technology allows parents to manage their children's spending via smartphone.
They have developed a debit card that parents can get for their kids to use. Through the Greenlight app, a child can be in a store and ask their parents if they can spend some money. At that point, parents can instantly “unlock” funds for their kids to spend. Remember, this is not a credit card, so kids are only able to spend the budget made available to them by their parents
Greenlight, a three-year-old, Atlanta, Ga. based startup, is trying to solve a problem that any parent of an elementary or junior high school student can well understand: how to give kids money without worrying that they’ll lose it or spend it on something they shouldn’t