Mozper Banks $3.55M To Develop Debit Card, App For LatAm Children

Four months after graduating from Y Combinator, Mozper has launched in Mexico and raised a $3.55 million seed round to develop an app and debit card program designed for children and parents in Latin America.

Crunchbase

December 13, 2020

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Mozper, a Mexican fintech startup, has launched its app and debit card program designed for children and parents in Latin America. The company aims to digitize children's pocket money and help build healthy financial habits. Mozper recently raised a $3.55 million seed round led by Hetz Ventures, with participation from F-Prime Capital, Foundation Capital, Secocha Ventures, Dux Capital, and John Farrell. The funding will be used to further develop the product and expand its user base. Mozper's platform, which adapts to the banking structure and cultural needs of Latin America, has seen significant traction since its public launch, with user numbers growing by 20% weekly. The company aims to educate the market and help parents foster conversations around money in a region where financial education and trust in the financial system are lacking.

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