May 31, 2020

Jassby – $5 Million

Watham, MA ; 3/5/20

Amount Funded: $5 Million

Type: Not Listed

Lead Investor: Moneta Capital, Needham Bank

Participating Investor(s): Blumberg Capital, Correlation VC, PnP Ventures

Total Funding to Date: $10 Million

Company Description: Jassby, a fintech startup, offers families a service through which kids can receive money from their parents and grandparents, and can then save, donate or spend, all on a safe, controlled and fully digital platform. 

What funding will be used for: Fuel continued growth and accelerate Jassby’s development roadmap.

Quotes:

“Advancing financial literacy is one of our core values. As well as creating a world-class platform for kids and families: one that does not rely only on plastic cards, and has no fees. We have built a cutting-edge system that allows us to partner with schools, sports clubs and businesses to create a full Eco-System for our users. I see us adding more and more layers of services to our App and we plan on raising an additional $20M later this year, to drive us closer towards 1 million users with a year.”

-Benjamin Nachman, CEO, Jassby

Notes:

Data provided by respective company (unless otherwise noted) and researched by StartupsOne for accuracy.

 

StartupsOne

StartupsOne features relevant, focused news on venture capital funding of technology oriented startup businesses based in North America.

View all posts by StartupsOne →