Greenlight, the fintech app for kids, wants to teach parents how to invest

Greenlight, a start-up that helped lead the financial technology segment of credit cards and children’s budget plans, is now aimed at parents.

The company offers a special program designed to educate parents in stock and ETF research, he learned. The service does not come free of charge without the monthly fees already paid by the user.

This is Atlanta’s current Greenlight-based company, founded in 2014 and valued at $ 2.3 billion, as the answer in one family. The company began issuing credit cards to children and teens, allowing parents to use pay and text messages and control costs. Then work from the bottom of the list to eliminate issues that aren’t worth fighting for.

According to the president and the foundation, or Tim Sheehan, Greenlight is trying to help parents add business information that they can use in university education and at higher unforeseen costs, such as medical care or medical risk.

“In addition to helping our children grow financially, working with our families through Greenlight is one of the great things you can do to save money for college. It’s a big challenge,” Sheehan said. In addition, there are things in your family life that can require money for a variety of reasons. “

Service users should research ETFs based on planting time and patience. Alternatively, they can use Morningstar tools to analyze ETFs and components to create their files. Users can create multiple accounts for different purposes.

“I think investing is a skill and experience that everyone should have,” Sheehan said. “Investing in money has changed my life; part of the reason I started Greenlight. My father taught me everything I am currently building at Greenlight to help children around the world learn, because I know it’s not magic, it’s just knowledge and these tools.

Greenlight is using a paid subscription from fintech in DriveWealth, New Jersey, to do business, Sheehan said. It’s part of the price of Greenlight, which has three-dimensional plans starting at $ 5 a month.

Unlike other free offers, including Robinhood, the company does not receive revenue from the payment order, the business mode pays for the transaction by processing customer orders, the company announced.

“We don’t want to compete, we try to teach people how to save money,” Sheehan said. “I don’t want it to reach a point where you don’t know how to make money, how to get that money.”

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