
Prosper
Safe MasterCard prepaid debit card with a mobile banking app for young people aged under 18.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor | €0.0 | round |
investor investor investor investor investor investor | €0.0 | round | |
$10.0m | Early VC | ||
Total Funding | 000k |
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A whitelabel platform that enables businesses to create and launch their own youth banking solutions and card schemes. The end-to-end solution is designed for rapid deployment, allowing companies to get a youth card program operational within a couple of months.
The platform is customizable to integrate with a company's existing brand and services. It aims to help businesses diversify their offerings by entering the youth market. For the end-users (children and teenagers), the platform incorporates financial literacy tools, helping them learn about money management while using the banking services.
Prosper operates on a B2B model, targeting companies that want to engage with a younger audience by providing them with financial products. The revenue model is likely based on licensing the platform, setup fees, or a similar SaaS structure.
Keywords: youth banking, whitelabel platform, financial literacy, fintech, card schemes, B2B, youth finance, digital banking, financial education, banking-as-a-service