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Greenlight Raises a $16 Million Series A Financing

Greenlight Raises a $16 Million Series A Financing
Credit: greenlightcard.com

Greenlight Financial Technology, Inc., creator of a smart debit card for kids, teens, and college students, today announced it has raised $16 million in Series A financing. The round was led by TTV Capital, with participation from existing investors, New Enterprise Associates (NEA) and Relay Ventures, as well as new investors SunTrust Bank, Ally Financial, nbkc bank, Canapi, and the Amazon Alexa Fund.

Greenlight’s first round of financial education partnerships will help strengthen financial literacy among kids with the aim of inspiring a new generation of financially confident and successful adults. According to the company, Greenlight’s mission to help parents raise financially smart kids through its mobile app and smart debit card align with the goals of innovative financial service providers as they take action toward improving financial education.  

The Series A financing will fuel Greenlight’s growth and continue its mission of delivering safe, simple, and family-friendly financial products. The company also plans to invest in new talent to keep pace with consumer demand and continue introducing innovative financial solutions.