Geenlight Financial Technology, which creates an app and debit card for children, has been valued at $1.2bn.
In Brief:
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This follows its Series C funding round which raised $215mn.
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It was led by Canapi Ventures and included Bond, DST Global, Goodwater Capital, Relay Ventures and Fin VC.
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The debit card and app allows parents to pay children allowances and control spend.
What does this mean?
Greenlight aims to improve financial literacy at the moment and is one of a number of FinTechs that is building products aimed at children, however it also includes lessons on earning, saving and spending.
