Pixpay startup is for teens focuses on management of pocket money
Let me introduce you pixpay, It is french startup with aim to support parents to manage pocket money effectively whenever and in what schedule they give their children older than 10 years. It turns cash into Master card / debit card with Account management system through its Apps (Parent and Kids).
Challenger banks are nothing new, but they’re still mostly targeted towards adults. If you want to create an N26 or Revolut account, you need to be at least 18 years old. You can create a Lydia account if you’re at least 14 years old with parental consent.
Pixpay, like Kard, wants to fill that gap and offer modern payment methods to teens so that you can ditch cash altogether. Parents and kids both download the Pixpay app to interact with the service.
The App features following:
- Sending instant money
- Real time notification for each transaction
- Scheduled distribution of pocket money
- Lockable / unlockable card
- Customizable security settings
Parents can see an overview of multiple accounts in case you have multiple children using Pixpay. Eventually, the startup wants to let multiple parents manage the account of their child, which could be useful for separated couples.
The startup has raised $3.4 million (€3.1 million) from Global Founders Capital. The company partners with Treezor, a banking-as-a-service platform that lets you generate cards and e-wallet accounts using an API.
Updated on 6:04 pm PKT| Mallahpost