The financial literacy gap is still a major issue globally. While the market has seen the proliferation of FinTech companies looking to fix the problem, should schools be the place where children learn about investing or other financial services?
GoHenry, a FinTech aimed at children, has teamed up with payments giant Visa to provide more kids and teens across the US, UK and Europe with access to prepaid cards.
Wealth managers typically focus on older people, as that is where the money is. However, young investors hold the wealth of tomorrow and capturing them early will stop them going elsewhere.
Brazilian neobank Z1, which is aimed at providing teenagers with a digital bank account, has reportedly scored $10m in its Series A funding round.
UNest, a FinTech platform aimed at helping parents invest and save for their children’s future, has scored $26m in its Series B funding round.
UAE-based FinTech startup Verity has received $800,000 in its pre-seed round, as it prepares for the launch of its family banking and financial literacy app specifically designed for the Middle East.
UK FinTech startup Hapi has launched a new app that is designed to aid parents in planning and investing for their children’s future.
Italian digital bank Bari Bank has introduced a debit and credit card supplied with pre-set funds for children and teenagers.
Till Financial, a family financial tool to educate kids on healthy spending habits, has bagged a $5m funding round.
12Page 1 of 2