Greenlight Smart Debit Card for Kids Announces Accelerated Growth

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100% Customer Growth In Just Two Months

"Our mission is to enable more parents to have candid conversations about important financial topics with their children,” said Tim Sheehan, CEO and co-founder of Greenlight Financial Technology, Inc.

Continuing to accelerate its momentum and growth, Greenlight Financial Technology, Inc., today announced the success of its smart debit card for kids by reaching a customer growth milestone of 25,000 customers. In June of this year, Greenlight’s customer base was 10,000. In just two months, Greenlight more than doubled its customer base as thousands of parents across the U.S. are choosing Greenlight to help them raise financially smart kids.

The company’s accelerated growth underscores the importance of developing financial literacy for children. Greenlight is a fantastic fit for families with kids of all ages with its unique, flexible, and powerful parental controls as well as educational features such as store-level controls and spending records by store and category. Jennifer Wade, a Greenlight customer and mother living in Lafayette, LA, said, “Our 13-year-old is learning valuable lessons about responsible spending and we love that we get an alert every time she spends money, so we can easily keep track, too.”

“Our mission is to enable more parents to have candid conversations about important financial topics with their children,” said Tim Sheehan, CEO and co-founder of Greenlight Financial Technology, Inc. “We’re excited that Greenlight is helping kids learn smart spending and saving habits. We love to hear stories from our customers in which they share the natural conversations that come up with their kids due to the use of Greenlight – like the difference between debit and credit, and the pros and cons of each.”

Greenlight is transforming personal finance for kids with a digital experience that’s safe, convenient, and transparent.

Greenlight’s Top Three Features
1.    Greenlight is the only debit card in the world that offers store-level controls so that parents can choose the specific stores or categories where their kids can spend money.
2.    Parents can quickly fund their kids cards anytime within Greenlight’s mobile app. Not only that, but parents can set automated allowances. This provides peace of mind, as parents no longer need to search for dollar bills on allowance days. Parents can just “tap” to send instant funds to their child from wherever they are.
3.    Greenlight sends parents real-time notifications to tell them where and when their child spends. Greenlight’s reporting lets parents and children review their spending choices together so they can learn from their past experiences.

Pricing and Availability
Greenlight is free for 30 days and then just $4.99/month per family, which includes cards for up to five children of any age. With Greenlight there are no additional transfer fees, no ATM fees, no overdraft fees, and no late payment fees.

The Greenlight smart debit card for kids is available at http://www.greenlightcard.com.

About Greenlight Financial Technology, Inc.
Founded in 2014, Greenlight Financial Technology, Inc. is a FinTech company that’s committed to improving how parents and children interact financially. Its groundbreaking personal finance product, Greenlight Card™, is the world’s first debit card for kids that lets parents pick the stores where their children can spend. Greenlight Financial Technology, Inc. is headquartered in Atlanta, GA and backed by leading investors, including Relay Ventures, Social Capital, NEA, TTV, Boom Ventures and TechSquare Labs.

For more information on Greenlight, please visit http://www.greenlightcard.com, or follow Greenlight on Facebook and Twitter.

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Cristina Dunning
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