Banking app for teenagers Copper raises $4.3m
The Seattle-based digital bank startup just announced a $4.3 million seed round led by PSL Ventures, the venture capital arm of Pioneer Square Labs. Jack Brody, director of product at Snap, along with Mana Ventures and Western Technology Investment also participated.
The one-year-old company helps teens save money by giving cash rewards in exchange for hitting a savings goal or paying back parents on time, according to a report in GeekWire. Teens can also earn money by simply passing a quiz about finance.