- Greenlight Monetary Know-how unveiled its Greenlight Household Money Mastercard this week.
- The Greenlight Household Money Mastercard helps teenagers construct credit score earlier than they attain maturity.
- Headquartered in Atlanta, Georgia, Greenlight has raised greater than $550 million in funding. The corporate has a valuation of $2.3 billion.
Greenlight Monetary Know-how launched its Greenlight Household Money Mastercard this week. The brand new card fosters monetary literacy by serving to teenagers construct their credit score earlier than they attain maturity.
Accessible with all of Greenlight’s subscription plans, the Greenlight Household Money Card allows households to earn as much as 3% money again on all purchases. Mother and father can add their teen youngsters as licensed customers on the cardboard, and youths can observe their bank card balances utilizing the Greenlight app. On the similar time dad and mom can set up spending limits and obtain real-time buy alerts to assist them monitor card exercise. The addition of the Greenlight Household Money Card signifies that Greenlight’s in-app monetary literacy recreation, Degree Up, now options instruction on the accountable use of credit score, as properly.
Greenlight subscription plans begin at $4.99 a month. Different plans can be found that add options reminiscent of identification theft, buy, and cellphone safety (Greenlight Max for $10 a month), in addition to household location sharing and crash detection (Greenlight Infinity for $15 a month). The Greenlight Household Money Card is issued by First Nationwide Financial institution of Omaha.
In an interview with TechCrunch, Greenlight co-founder and CEO Tim Sheehan highlighted the corporate’s 3% cashback, Degree Up monetary literacy recreation, and parental controls as a trifecta that trumps choices from different bank cards – together with people who cater to households and youth. “No one has all three of those options,” Sheehan stated.
Headquartered in Atlanta, Georgia, Greenlight was based in 2014. The corporate has raised $550 million in funding, which features a $260 million Sequence D spherical in 2021. This funding gave the fintech a valuation of $2.3 billion. The next yr, Greenlight unveiled its Greenlight for Classroooms providing, a web-based monetary literacy library. The library consists of greater than 100 animated movies, and a financial institution of 1000’s of vocabulary phrases and take a look at questions. Further options embrace quizzes, concepts for particular person initiatives, dialogue actions, and a trainer’s information. Aligned with Ok-12 nationwide requirements, Greenlight for Classroom is out there to colleges, academics, and college students throughout the U.S. at no cost.
Picture by Hannah Nelson
