Greenlight Financial Technology, Inc., an Atlanta, GA-based creator of a smart debit card for kids, teens, and college students, raised $16m in Series A financing.
The round was led by TTV Capital with participation from existing investors New Enterprise Associates and Relay Ventures, and new investors SunTrust Bank, Ally Financial, nbkc bank, Canapi, and the Amazon Alexa Fund.
The company intends to use the funds to invest in new talent and continue introducing innovative financial solutions.
Founded in 2014 and led by Tim Sheehan, CEO, Greenlight provides Greenlight®, a debit card for kids with patent-pending technology that enables parents to choose the exact stores where their children can spend. The Greenlight Card is issued by Community Federal Savings Bank, member FDIC, pursuant to license by Mastercard International.
The company is headquartered at Georgia Tech’s Advanced Technology Development Center in Atlanta, GA.