Continuing to accelerate its momentum and growth, Greenlight Financial Technology, Inc., today announced the success of its smart debit card for kids by reaching a customer growth milestone of 25,000 customers.
Some say automating kids’ transactions isn’t the best way to teach financial literacy.
Greenlight, a fintech cardmaker for kids, built an app that lets parents instantly put funds on prepaid debit cards that their kids can only use at specific stores predetermined by the parents.
Tips & Tools to Teach your Kids about Money Management [Video]
Sending your kids off with a pocket full of cash can seem a little daunting and it’s impossible to know whether your littles are using the money responsibly – until now.
Teaching kids about debit and credit is one lesson every parent needs to address. After all, if you don’t teach them – who will? I found the safest way to do this to protect both you and your child.
As entrepreneurs continue to focus on creating innovative financial technology products, often while using new technologies to improve and build upon previous systems and processes, innovators have begun to identify solutions that not only feed the appetite for FinTech but also help to bridge the financial literacy gap.
Count Tim Sheehan among the many entrepreneurs who took a personal experience and combined it with business acumen to create an exciting new product certain to attract parents across the country.
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