Morning Tick
  • Latest News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Fintech
    • Altcoins
  • Market Analysis
  • Resources
  • Contact
    • About Us
    • Press Toolkit
Facebook Twitter Instagram
Morning Tick
  • Latest News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Fintech
    • Altcoins
  • Market Analysis
  • Resources
  • Contact
    • About Us
    • Press Toolkit
Facebook Twitter Instagram
Morning Tick
Featured

Fintech for kids: Jassby launches virtual debit card services for its large customer base

Manas PimpalkhareBy Manas PimpalkhareUpdated:October 28, 2020 on October 28, 2020
Fintech for kids: Jassby launches virtual debit card services for its large customer base
Image credit: Jassby
Share
Reddit Facebook Twitter LinkedIn Pinterest WhatsApp Email

Jassby, a fintech-focused towards financial literacy for kids, launched exclusive services for virtual debit cards geared towards their target audience. 

The company has cultivated the image of a family app and has greatly developed its services following the Covid-19 pandemic. Acting as a digital wallet and a shopping app, Jassby is a fintech tool that parent use to teach their children how to spend their money. 

The company has created a platform that allows parents to allocate funds to their children to inculcate a saving culture. From its website, Jassby clearly states that it aims to  increase financial literacy among children

A study mentioned on the company’s website claims that financial literacy in the USA is only a little higher than that of Botswana. Evidently, Jassby believes that the upcoming generation needs to learn the knacks of finance from a young age. 

To achieve this goal, the company has developed an app that allows parents and grandparents to issue chores to their children in return for money. The kids can also propose to do extra chores for money, which can be approved by parents. They can also use the app to put in monthly allowances.

Recently, Jassby issued a new service, which allows kids to spend their allowances using a digital or virtual debit card within the app. The service is built in collaboration with Apple Pay and allows kids to cash-in their money wherever Apple Pay is accepted. Moreover, there is no monthly fee for using this card. Additionally, Jassby provides a one-stop-shop service called Jassby Mall, where kids can spend their money. 

The app also offers transparency in the family, as all transactions can be seen by all members of the family. 

Jassby crossed 100,000 customers this year, and raised $5m in March 2020, bringing the total funding to $10m. Benjamin Nachman, Jassby’s CEO highlighted the company’s goals, saying “I see us adding more and more layers of services to our App and we plan on raising an additional $20M later this year, to drive us closer towards 1 million users within a year”. 

Featured Financial Services Fintech
Disclaimer
Read More Read Less
The information provided on this website shouldn’t be considered as investment, tax, legal, or trading advice. Morning Tick is not an investment advisory platform, nor do we intend to be. The publication, its’s management team, or authored-by-line doesn’t seem liable for your personal financial losses, which may be due to your panic decisions based on the content we published. We strongly recommend considering our stories as just a piece of information, unlike advice, recommendations, or requests. Some of the contents may get outdated, updated, or inaccurate despite our profound editorial policies. We urge readers to do their due diligence before making any investments decision with ongoing IDOs, ICOs, IEOs, or any other kind of financial offerings. Few outbound links may be commissioned or affiliated, which helps us grow financially and maintain healthy editorial norms. For more information, visit disclaimer page.
Share. Facebook Twitter Pinterest LinkedIn Email Reddit WhatsApp
Previous ArticleSingapore’s DBS Bank plans to launch a crypto exchange
Next Article InsurTech set to boost financial inclusion in Nigeria
Manas Pimpalkhare
  • Twitter

Aspiring Tech Journalist, Lawyer-to-be, has a keen interest in cybercrime and disruptive tech like AI, 5G, and crypto.

Recommended Posts

Introducing Lucky Mystery Box, Crypto lottery based on TRON with a prize pool of 1M USDT

2 months ago

GlobalDots joins forces with Coralogix to save companies 40-70% on full-stack observability costs, launching a debut CDN log management solution

3 months ago

Unplugged launches its mobile App Suite to help consumers reclaim their privacy

5 months ago

Oxford United FC joins the mental health conversation through new sponsorship

6 months ago
Add A Comment

Comments are closed.

Latest

Introducing Lucky Mystery Box, Crypto lottery based on TRON with a prize pool of 1M USDT

2 months ago

GlobalDots joins forces with Coralogix to save companies 40-70% on full-stack observability costs, launching a debut CDN log management solution

3 months ago

KX.finance announces upcoming DeFi/DEX aggregator launch on APTOS/SUI blockchain

5 months ago

HyperBC Group unveils Zero interest Crypto Credit Card HyperCard, obtains Lithuanian Financial License

5 months ago

Unplugged launches its mobile App Suite to help consumers reclaim their privacy

5 months ago
Morning Tick
Facebook Twitter Instagram Pinterest RSS
  • About Us
  • Press Toolkit
  • Disclaimer
  • Contact Us
  • Privacy Policy
  • Sitemap
© 2023 Morning Tick. Disclaimer: The information provided on this website shouldn't be considered as investment, tax, legal, or trading advice.

Type above and press Enter to search. Press Esc to cancel.