This company offers an easy way to make sure that your child has money in their pocket for outings or other fun activities along with teaching them the value of money and the benefit of saving it versus spending it. It gives my son a sense of responsibility along with a little bit of freedom to do what he wants with the money he receives. I love that it has the option to add chores and an allowance. I've also been using it as a rewards system for Good grades and to reinforce good behavior. He's learning the value of a dollar and seeing that hard work pays off. I've tried a few other children/teen banking apps and this one is by far the best!! It's free and it's got all the features that I've been looking for, did I forget to mention that their customer service is top notch. They respond quickly to any questions or issues and are super friendly and understanding. So with that being said I would 100% recommend this to anyone who's looking for an easy way to put money in your child's pocket while still teaching them the importance of budgeting, instilling work ethic and saving money for bigger better things in the future. So Thank You Modak for making and managing a wonderful app.
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Modak is a US-based platform leveraging the power of fintech, gamification, and community to empower kids to reach their full potential.
We are founded with an audacious vision to enable kids and young adults to reach their full potential, regardless of their background. We pursue this mission by offering a gamified fintech and learning ecosystem - with teen cards, financial literacy, and other services. We build for scale and security using the best technologies and enrich the user experience with a thriving community that supports each other. Modak is trusted by over 30,000 families and growing by the day.
We are one of the most well-funded early-stage startups, and we are grateful for the 5+ years of runway we have even in this market. Our investors include GGV Capital ($9.2Billion VC firm), Monashees, Maya Capital, Nazca VC, One VC, and 30+ leading angel investors and entrepreneurs across Silicon Valley and Latin America.See more
