Wingocard, a Montreal, Canada-based personal finance platform designed to connect teens to the mobile, cashless economy and strengthen financial literacy skills, closed a $2M seed funding.
The round was led by Diagram.
The company intends to use the funds to continue to expand operations and its business reach.
Founded by serial entrepreneurs Sebastien Brault, Mehdi Mehni and Salvatore D’Agostino, Wingocard is a mobile banking app designed for teens and parents. It allows parents to instantly transfer money and control how it is spent. In addition, the app and Visa debit card allow teens to purchase items anywhere and send and receive money to friends and family. Launching this fall, the mobile app already has 50,000 new users on its waiting list.