FinTech news in Greenlight category

Greenlight offers kids a debit card, banking app and financial education to make them financially smart and independent. In December, the Atlanta-headquartered startup introduced a web-based financial literacy library aligned with the K-12 national standards that will be free to schools, teachers and students. Additionally, the growing economic slowdown has impacted prominent fintech startups including Stripe, which laid off 14% of its workforce in November. It also in October added family safety features to its subscription plan called Greenlight Infinity which is priced at $14.98 per month for the whole family.

Greenlight Infinity, priced at $14.98 per month for the whole family, includes location sharing to see where anyone in the family is and do check-ins; SOS alerts to emergency contacts and/or 911 with one tap; and crash detection with automatic 911 dispatch wherein if a crash is detected while driving, driver and trip information is provided to emergency services. Greenlight Financial Technology, a venture-backed fintech company focused on providing a debit card, banking app and financial education to children, added another layer to its subscription plan with the introduction of family safety features. For example, last year, teen digital banking service Step raised $200 million in a Series C round and this week borrowed $300 million in debt financing to launch a crypto investing feature. Last year, the Atlanta-based company served more than 3 million parents and kids, and that has now increased to more than 5 million, according to the company.