Greenlight Financial Technology, an Atlanta, US-based fintech company, announced its $215 million Series C funding round led by Canapi Ventures and TTV Capital, with participation from BOND, DST Global, Goodwater Capital and Fin VC along with Relay Ventures. Greenlight is valued at more than $1.2 billion after raising the investment.
Founded in 2014, the fintech company helps parents monitor their children’s spending habits and build out their financial literacy. It has moblie apps, and launched its debit card for kids in 2017.
Greenlight said it now serves more than 2 million parents and kids, and help them save more than $50 million.
The Series C funding will help the company reach more families and provide additional educational tools. In the coming months, Greenlight said it will roll out new investing tools for kids.