This fintech platform provides digital allowance and financial education for children through a payment card. It enables kids to make physical and online purchases, check balances, and set financial goals, offering parents and children a digital banking experience.
Funding
$1M 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 teenagers lack access to formal banking services and financial literacy resources, hindering their ability to manage money responsibly and prepare for future financial independence. Traditional banks often overlook this demographic, leaving a significant gap in the market for tailored financial solutions.
Solution
Yours Bank provides a digital banking platform designed to empower teenagers with financial literacy and provide parents with tools to guide their children's financial development. The platform offers a payment card and a mobile app that enables young users to make purchases, track spending, set financial goals, and learn about investing through gamified educational content. Parents can monitor their children's accounts in real-time, automate allowance payments, and assign tasks with financial rewards, fostering open communication about money management within the family. By combining banking functionalities with educational resources, Yours Bank aims to cultivate a generation of financially savvy individuals.
Target Audience
The primary target audience includes parents seeking to educate their children about financial responsibility and teenagers who are interested in gaining financial independence and learning how to manage their money effectively.
Features
- Payment card (physical and virtual) in the teen's name and CPF for online and offline purchases
- Real-time transaction monitoring and monthly usage summaries for parents
- Automated allowance transfers and task-based reward system
- Savings objectives with fixed-income investment options
- Educational content, including videos, articles, and games focused on financial literacy, innovation, and entrepreneurship
- Exclusive discounts on popular games and gift cards
- Community forum for users to share tips and experiences
- Integration with PIX for instant transfers