Miniemoney, a FinTech hybrid company, has emphasised the need to bridge financial literacy gaps amongst kids and minors to develop financial knowledge through a supervised digital channel that provides enabling platform for parents to invest and save towards their children’s future.
This move, it added, would promote financial literacy culture among children, while pledging to improve cyber security, infrastructure to secure funds and data for families operating under the financial App.
Speaking on the development, CEO and founder, Miniemoney, Mr. Gbolahan Faniran assured that, the Miniemoney digital platform is built with cyber security infrastructure to secure funds and protect data while emphasising the need for inclusiveness for families at all levels.
Faniran expressed his excitement about working on the Miniemoney project and bringing solutions to parents and their young ones, adding that, ‘this is more than just a passion project for me; it’s a vision that will take the average Nigerian family into the future.’
He hinted that the product is backed by two commercial banks in Nigeria, adding that, the deposits is with the banks and the App is just an interface to facilitate parents using the platform to educate their kids about saving culture and financial investment.
He noted that the App teaches how to save money, and invest on priorities while maintaining that this would enable financial literacy culture among kids to drive more Inclusion.
In addition, he opined that, through the app, the parents can set chore and task for their kids while they reward them to earn some amount of money, while affirming that this would increase savings awareness, financial independent among young one’s.
“The app is divided into two journeys; the parent journey and the youngster journey. Youngster accounts must be verified by a parent or legal guardian before accessing certain features, however, in-app, learning is available to every youngster with or without parental verification,” he stressed.
