The Strive banking app has been officially unveiled.
The app is designed to teach children how to manage their money and help them save up some cash.
It’s being touted a digital piggy bank that comes with a customisable debit card and marketplace offers that include toys and educational tools.
“We’ve been working with GoSave for a period of time now with some of our clients, and the idea of a youth focused challenger bank kept coming up,” says Ivan Muck, Chief Strategy Officer at Strive. “We see a real gap in the market to build a solution for parents that grows with the child, so it’s not just a debit card, it’s a whole 0-18 proposition that parents can start at any age.”
Parents have full access to their kids’ accounts and can manage their transactions and available cash.
Among the available features Strive provides a savings account, the parent app and the debit card.
It’s a more fun way to help children manage cash for the first time.
Strive will launch a crowdfunding campaign jin the UK over the coming few months to reach its first 10,000 families.
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