a vast majority of parents still give their children spending money in cash because there hasn’t been a safe, purpose-built financial service for families. With 47 million households in the U.S. with kids, it’s been an underserved market, until now.
Greenlight helps parents raise financially-smart kids with a debit card and feature-rich app for managing family finances. Kids and parents have companion apps with two different experiences. Parents are in control with the ability to approve transactions, set rules around where and how kids are allowed to spend, manage chores and allowances, set parent-paid interest rates, and more. Kids receive a debit card and can save for college, earn an allowance through chores, invest in stocks, set direct deposit, and more...
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