- Greenlight, the personal financial management app for kids and parents, has seen its user base double since the start of the year.
- With this growth, Greenlight is building an investing product, where kids can propose stock and ETF trades to their parents.
- “To build true wealth, you really need to learn how to invest,” Tim Sheehan, cofounder and CEO of Greenlight, told Business Insider. “So we want the kids to try to learn that as early as they can, and to do it in a supervised environment.”
- Greenlight is backed by investors including JPMorgan Chase, and Wells Fargo.
- Visit Business Insider’s homepage for more stories.
A personal finance app for kids that’s managed by their parents has doubled its user base in the first half of this year.
Greenlight, which currently offers debit cards and savings accounts, is eyeing more financial products to launch for its parent and child users