Woli, an Athens-based smart money app, has teamed up with Paynetics to empower financial literacy among children and teenagers.
Woli is revolutionising the way children and teenagers manage their finances by providing them with an innovative money management platform. On the other side, Paynetics emerges as one of Europe’s leading embedded finance providers, known for its agility and robust financial infrastructure. This partnership marks a significant step towards enhancing the child banking experience and embedding practical financial education into the lives of the younger generation.
The collaboration between Woli and Paynetics is aimed at empowering financial literacy among the youth, a crucial need in today’s era of economic uncertainty. Paynetics’ flexible financial framework coupled with Woli’s educational tools ensures that the young users are well-equipped to navigate the complexities of the financial world confidently. This partnership not only aims to enhance the banking experience for children but also to foster a generation that is financially literate and responsible.
Woli CEO and Co-Founder Vasilis Zoupas said, “We’re extremely excited to be working with Paynetics – a leader in embedded finance. Financial literacy amongst the youth is something that we’re very passionate about and this partnership has not only allowed us to provide a workable and flexible platform while overcoming the challenges of building products quickly but also affords us the opportunity to scale our business across Europe and the UK.”
Ivo Gueorguiev, Co-Founder at Paynetics UK, added, “We are delighted to be collaborating with Woli. With financial literacy rates across the population frighteningly low, improving financial literacy among youth is more important now than ever. By pivoting to Paynetics, Woli is in good stead as it continues to empower children and teens to manage their finances. We look forward to working with Woli as it supports parents in teaching kids how to be financially responsible.”
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