Provides a digital wallet and debit card designed for children aged 6 to 15, combining financial education with practical money management tools. The platform enables parents to oversee spending, set allowances, and choose from over 20 customizable card designs, fostering financial responsibility in a secure environment.
Funding
$1.5M 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 children lack practical experience with money management, leading to poor financial habits later in life. Traditional methods of providing allowances and tracking spending can be cumbersome for parents and don't offer real-time visibility or educational opportunities for children.
Solution
Masroofi offers a digital wallet and debit card specifically designed for children aged 6 to 15, empowering them to learn financial literacy through hands-on experience. The platform provides parents with tools to manage allowances, monitor spending, and set financial goals collaboratively with their children. The Masroofi card can be customized with over 20 designs, making it appealing to kids while fostering a sense of ownership and responsibility. Real-time notifications and spending limits help children understand the consequences of their financial decisions in a safe and controlled environment.
Target Audience
The primary target audience is parents with children aged 6 to 15 who are seeking a modern, convenient way to teach their kids about money management and financial responsibility.
Features
- Digital wallet for children with a linked debit card for online and in-store purchases
- Parental controls for setting spending limits, allowances, and approved merchants
- Real-time transaction notifications for both parents and children
- Customizable card designs to personalize the user experience
- Financial literacy resources and educational content integrated into the app
- Goal-setting features to encourage saving and responsible spending habits