Atlanta-based Greenlight Financial Technology has announced that it has reached a valuation of $1.2 billion with its Series C funding. In its latest round of funding, Greenlight has raised $215 million. The round was led by Canapi Ventures and TTV Capital. Among the other participants in the round were BOND, Goodwater Capital, DST Global, FinVC, and Relay Ventures.
Greenlight has been a huge hit among the kids and it serves over 2 million parents and kids. The company has been helping manage family finances through its money management platform. The company believes that it has helped kids save over $50 million to date.
The company had launched its debit card for kids which have been a rage. It’s parent-managed debit card for kids come with apps that are managed by their parents. The parents can pay their kids an allowance, manage chores and set flexible, store-level spend controls through the apps.
“Our vision is to help all families worldwide to be smart about personal finance, providing innovative ways for kids to learn, so that every child can reach their full potential. We look forward to continuing to grow with our families,” said Tim Sheehan, CEO and Co-Founder of Greenlight.