Greenlight Introduces First Educational Investing Platform For Kids

Greenlight® Financial Technology, Inc. (“Greenlight”), the fintech company on a mission to help parents raise financially-smart kids, today announced Greenlight Max, the first educational investing platform designed for kids.

In 2017, the company launched a parent-managed debit card and app for kids to teach money management skills. Today, Greenlight serves more than 2 million parents and kids, who have collectively saved $90 million. With the launch of Greenlight Max, the company is now shining a light on the world of investing for parents and kids alike.

Investing is key to building long-term wealth, but it is not inclusive or accessible to many. There continues to be a widening wealth gap and divide in stock market participation — the wealthiest 10% of Americans own 87% of stocks and mutual funds. Many adults don’t know how to get started, and kids are not learning these critical concepts in school, with only 16.4% of children required to take a personal finance class.

“At Greenlight, we know that financially-smart kids will have happier and healthier lives,” said Tim Sheehan, co-founder and CEO of Greenlight. “Investing is one of the most important pieces of the personal finance puzzle. That’s why we launched Greenlight Max — so parents can lay the foundation for building generational wealth.”

Greenlight Max is the result of four years of customer feedback and expertise in family financial technology and education. Kids can research stocks with analysis powered by Morningstar, learn from a library of in-app educational content, propose investments with parental approval and track portfolio performance. The new Greenlight Max plan also includes upgraded safety features like cell phone, purchase and identity theft protection for extra peace of mind and the Greenlight Black Card, along with Greenlight’s suite of core financial tools for earning, saving, spending and giving.

Greenlight Max is available now at greenlightcard.com for $9.98 per month for the whole family, with no transaction fees for investing.

About Greenlight

Greenlight Financial Technology is an Atlanta-based fintech company committed to empowering parents to raise financially-smart kids. Its groundbreaking family finance product, Greenlight, is a comprehensive, all-in-one money management platform purpose-built for families. With a parent-managed debit card for kids and companion app, parents can automate allowance, manage chores, set flexible spend controls and enable their kids to become investors. Kids explore lessons in earning, saving, spending, giving and investing while learning to make real-world tradeoff decisions.

The Greenlight Card is issued by Community Federal Savings Bank, member FDIC, pursuant to license by Mastercard International. For more information, please visit: www.greenlightcard.com.

Contact

Jessica Tenny

Director of Public Relations

jessica.tenny@greenlight.me

Total
0
Shares
Leave a Reply
Related Posts
Read More

LexisNexis Risk Solutions Named ‘Best Anti-Fraud Solution (Established)’ by Card Not Present

LexisNexis® Risk Solutions is honored to announce that it received the Judge's Choice award for the Best Anti-Fraud Solution (Established) category as part of the Card Not Present® 2020 CNP Awards program. Card Not Present is an independent outlet dedicated to providing original news and information for and about companies operating in the card-not-present space.
Read More

Bark Technologies Partners With Stratix Corporation To Launch First Mobile Education Technology Program

Of the numerous challenges educators have faced throughout the COVID-19 pandemic, none has shed more light on digital inequity than distance learning. That divide is now being addressed -- one student at a time -- thanks to a new partnership between Stratix Corporation and Bark Technologies. Stratix is a leading provider of managed mobility services in the U.S., and Bark's comprehensive online safety solutions provide content monitoring, screen time management, and web filtering to millions of families in the U.S. -- as well as free monitoring and filtering to schools.
Read More

Bank Shot App Grows Competitive Advantage Through White Label Customization

Bank Shot, an app built for speed and security in sending earnest money is now emerging as the premier payment solution for not only earnest money, but much more. Bank Shot provides an easy solution for paying commissions, collecting rent, Home Owner's Association (HOA) dues, post-closing payments, and other fees. From the field to the office, each transaction is done quickly and securely. And now, an upgraded White Label version of Bank Shot is the preferred option for an ever-growing list of companies, due to the ability to customize the app and maximize its usage within their existing platform.