NatWest acquires up kids banking fintech RoosterMoney
Launched in 2016, Rooster, the London-based fintech, makes it really simple for parents and children to learn about earning, saving, giving and spending money. The app has a five-star rating from users and has been growing quickly, adding new features such as reward charts, chore reminders, and customised interest rates that can be set by parents to encourage the saving habit.
RoosterMoney allows parents to immediately freeze a card if it’s lost and block payments to specific merchants. It also gives parents and children real-time notifications on their spending and comes with a ‘contactless counter’ so children know how far away they are from having to next use their chip-and-pin.