Teach Your Children: Mozper Takes Financial Literacy To LATAM

To teach kids about money, there’s no substitution for learning by doing. That’s the thinking behind Mozper, a debit card and app focused on improving financial literacy in Latin America.

PYMNTS

February 1, 2021

Mozper, a debit card and app aimed at improving financial literacy among children, has successfully raised $3.5 million in a seed funding round. The startup addresses the shift in kids' spending habits from cash to digital transactions and aims to teach healthy financial habits. The Mozper card and app provide parents with a secure way to give their children a digital form of money, allowing them to manage spending and promote financial literacy. The platform offers features like sub-accounts, goal-setting, and spending limits, and parents can allocate money for specific purposes. The long-term vision is to grow with the customers and develop a demand-driven product and service offering as children mature and their financial needs evolve. Mozper plans to expand to Brazil after achieving certain milestones in Mexico.

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