Greenlight Financial makes a debit card for minors that parents can control to help kids learn about spending and saving.
The company was founded in 2014 by current President and COO Johnson Cook and CEO Timothy Sheehan.
The company uses Mastercard services only and card services are provided by and FDIC insured through Community Federal Savings Bank.
Greenlight Educational Savings Account for Kids, founded in 2018, allows parents to incentivize saving through parent-paid interest. Through the app, kids can set savings goals for specific purposes which will also earn the parent-paid interest.
For $5 per month, the company will issue up to 5 debit cards to family members.
Greenlight claims it has 4.5 million paid users as of October 2021.
In September 2021, the company’s valuation nearly doubled to $2.3 billion after raising another $260 million in Series D funding.
Greenlight Debit Card maintains a corporate office in Atlanta, Georgia.
Greenlight Financial makes a debit card for minors that parents can control to help kids learn about spending and saving.
The company was founded in 2014 by current President and COO Johnson Cook and CEO Timothy Sheehan.
The company uses Mastercard services only and card services are provided by and FDIC insured through Community Federal Savings Bank.
History
Greenlight Educational Savings Account for Kids, founded in 2018, allows parents to incentivize saving through parent-paid interest. Through the app, kids can set savings goals for specific purposes which will also earn the parent-paid interest.
For $5 per month, the company will issue up to 5 debit cards to family members.
Greenlight claims it has 4.5 million paid users as of October 2021.
In September 2021, the company’s valuation nearly doubled to $2.3 billion after raising another $260 million in Series D funding.
Greenlight Debit Card maintains a corporate office in Atlanta, Georgia.