Jassby

Mobile Money App and virtual debit card for kids and teensThe Jassby vision is to become the  Mobile banking & commerce App for the next generation family. Our mission everyday is to help parents teach their kids about money through hands-on experience.Kids and teens today have more free money than ever before. The average teen in the US spend some $3,000 per year. However, parents still mostly use cash to transact with their kids, and most of us never talk or teach about money, nor do most schools. Kids spend money the way they prefer to do everything these days - on their phones! Jassby fits right in. For the parents, Jassby allows them to guide their kids on the path to make smart money choices by providing visibility and control - teach by real life experiences. Jassby provides a Financial Wellness Plan for the kids and the whole family to start thinking and working with money as early as possible. Key features: Mobile Wallet - 3 savings accounts including 1.) Spend, money kids can spend 2.) Save, a savings account, and 3.) Share, savings for charitiesMobile Payments - Kids can purchase online or anywhere Apple Pay is accepted with our Virtual Debit CardSavings Goals & Planning - Help kids plan for future purchases, savings and fundraising goals Chores & Allowance - Parents can set chores and weekly allowance for their kidsMobile Commerce - The Jassby Mall is a curated shop of thousands of unique and name brand products from Apple, Nintendo, & moreWhat makes us special:Financial Wellness Plan - Get your kids started on the right path toward making smart money choicesMobile Payments First - Jassby is being built as a mobile app first, not a debit card that has an appFocus on Real Money Smarts - Our mission of hands on experience is the core of the service, not just a positioning statementNo Monthly Fees - Many top “debit card” offerings in the kids industry have a month fee

Built in, In-App eCommerce Store for kids and teens, enabling a high margin revenue stream with over 22% margins
Co-Brand Agreement with Mastercard for a No Fee Virtual Debit Card for kids and teens
Investors include Blumberg Capital, Moneta Venture Capital, and Correlation Ventures; advisors include the former assistant general counsel of the Board of Governors of the Federal Reserve System
Over 400,000 installs and 150,000 completed registrations
Benny Nachman, the Company's Founder and CEO is the Founder and Chairman of Credorax Inc., a global Acquiring Bank with dozens of bank licenses worldwide, and billions in annual processing

• R&D
• Marketing
• G&A

Benjamin (Benny) Nachman
CEO
Benny is a serial entrepreneur with a proven track record in building a global bank with dozens of licenses all over the world. Managing hundreds of employees, thousands of merchants with billions in volume and over $100m in revenues.

Round Type: Seed-1

Round Size: US $6,049,999

Price per Share: US $3.17

Option Pool: 3.8%

Liquidation Preference: 1.0x