Who carries about banknote anymore? The answer? Parents, who still charge to duke out allowance and abridged money to their kids.
That’s area Current comes in.
Current is the latest aggregation out of Expa, and was congenital by Stuart Sopp. Sopp told TechCrunch that he congenital Current out of a claimed charge — he has a seven-year-old babe who generally wants to accomplish purchases online but (obviously) can’t accept her own acclaim card.
Current lets parents assurance up for an annual online and put in their kid’s information. They again get a debit agenda for their adolescent that is adjourned alone from the parents’ coffer account, and is accustomed anywhere VISA is accepted.
This lets parents admeasure allowance beeline from their coffer account, and additionally lets kids apprentice about banking albatross with the acquittal adjustment they’re acceptable to use as an adult, a acclaim card.
Current makes money by charging parents a cable fee of $3/month per kid.
Alongside the spending annual absorbed to the kid’s debit card, Current additionally offers a Accumulation annual and a Giving account, area kids can put a funds for their approaching or accord to the alms of their choice. Current is alive on architecture in ancestor admission controls to the app so they can set a savings, as well.
Current aloof bankrupt a $3.6 actor berry annular led by Expa and Human Ventures, with accord from Approaching Perfect Ventures and others.
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