Copper

Interestingly, the FinTech’s move into investing addresses the growth of teens becoming involved in cryptocurrency – often without enough knowledge in the area and against the wishes of parents and guardians. Copper attempts to offer a much safer and more educational space for them to invest without such risk. The digital bank for teenagers has grown at an impressive rate since launching in 2019, due to its features for fundamental financial e-learning, spend monitoring, and more recently, investing.

There’s been plenty of movement in the teen-focused FinTech space in the last few years, with the likes of Good Good Piggy, Pencilton, Step, and FamPay all growing and receiving funding. Copper is also very well funded, but the differentiating factor could well be the experience of co-founders Eddie Behringer and Stefan Berglund, who have already enjoyed tremendous success in the youth-focused FinTech space with their crowdfunding platform Snap! Raise. With strong leadership, the company is placed well for future success.