Cashee is a financial education platform that combines a prepaid Visa card with a digital app, allowing parents to manage allowances, gifts, and spending controls for their children. The platform enhances financial literacy among youth through interactive lessons and savings challenges, enabling them to learn money management skills while tracking their income and expenses.
Funding
$4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many young people lack practical financial skills, leading to poor money management habits and limited understanding of saving, budgeting, and responsible spending. Traditional allowance systems often lack transparency and educational components, hindering the development of financial literacy in children and teenagers.
Solution
Cashee provides a digital platform and prepaid Visa card designed to educate and empower youth in managing their finances. The platform allows parents to manage allowances and set spending controls, while children learn through interactive lessons, savings challenges, and real-world spending experiences. Cashee enables young users to track income and expenses, set savings goals, and earn rewards for completing financial literacy modules, fostering responsible financial behavior from a young age. The integrated Visa card allows for online and in-store purchases, providing a safe and practical way for young people to engage with the financial system.
Target Audience
Cashee primarily targets parents who want to educate their children (typically aged 8-18) about financial literacy and responsible money management, as well as young people who are eager to learn and gain practical experience with personal finance.
Features
- Prepaid Visa card for online and in-store purchases, managed through the Cashee app
- Parent dashboard for managing allowances, setting spending limits, and monitoring transactions
- Interactive financial literacy lessons and quizzes with gamified rewards
- Savings goal setting with progress tracking and achievement badges
- Real-time transaction notifications and spending insights for both parents and children
- Option to create challenges and reward children for completing tasks or achieving goals
- Card freezing/unfreezing functionality via the app for security
- Multi-child support, allowing parents to manage finances for up to five children