Jassby, a Waltham, MA-based provider of a family finance app combining a digital wallet and shopping app, raised additional $5M in funding.
Backers included Moneta Capital, Needham Bank, and existing investors such as Blumberg Capital, Correlation VC and PnP Ventures.
The company, which has raised $10M in total funding, intends to use the funds to accelerate continued growth and its development roadmap, just as it crossed 100,000 users.
Led by Benjamin Nachman, CEO, Jassby offers families a finance app through which kids can receive money from their parents and grandparents, and can then save, donate or spend, all on a safe, controlled and digital platform. The app is available for iOS devices, through the Apple Store or as a web app at www.Jassby.com.
To offer its services, the company has partnered with Needham Bank, member FDIC.