FOCUSTECH | Kard, the pocket money app for parents and children

FOCUS TECH – Find every Friday a focus on a technology, an app or an innovative start-up.

FOCUS ➡ Founded in 2018 by Scott Gordon, Amine Bounjou and Fabien Penso, card is a French fintech aimed at teenagers minors From 10 years old. She offers a card MasterCard and an application mobile to manage their account. The parents can follow the management of their children’s money, while deciding to fund their account.

At the beginning of 2019, the start-up completed a funding round of 3 million euros with Kima Ventures and business angels, including the co-founder of Blablacar, Francis Nappez, and immediately obtained the status of electronic money distributor fromACPR. A year later, she again raised funds for 3 million euros with Founders Futures and Bpifrance and decided at that time to offer a paid offer (4.99 euros per month).

“In 2021, Kard took a decisive step in its growth, with the successful monetization of its offer. With now a base of 150,000 users and more than 5 million euros in transaction volume per month, we are continuing our investments to continue to be the favorite pocket money application for families in France and soon in Europe. We are strengthening our offer and constantly launching new features, such as the possibility for parents to comment and interact with their children on their transactions a few days ago,” said Scott Gordon, co-founder and CEO of Kard.

“We are determined to play our full part in this rapidly emerging market, boosted by young people whose almost all spending comes from digital, with a growing need to be banked… and to have an offer that meets expectations. specific to this audience. Because new consumption patterns and financial digitization are profoundly changing young people’s relationship with money and their bank, we are investing in new ways to support adolescents and their parents in educating them about new uses, with the launch new services under consideration,” says Amine Bounjou, co-founder and COO of Kard.

Recently, Kard also announced that it is investing in the metaverse by buying land in the game The Sandbox.

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