Update: Family Finance Mobile App Jassby Completes SeedInvest Round With More Than $2.9 Million Raised

 

Jassby, Inc., a U.S.-based family finance mobile app startup, has successfully raised more than $2.9 million through its SeedInvest funding round.

As previously reported, Jassby stated it has developed the “next big payment system” that offers families a service through which kids may receive money from their parents and grandparents and may then save, donate, or spend all on a safe, controlled and fully digital platform.

Combining a digital wallet and shopping app, Jassby provides kids with everything they need in order to be financially independent and start building good habits that connect how much they “have” to what they “want” all in a secure Walled Garden.”

The SeedInvest round comes less than a year after Jassby raised $5 Million through its previous investment round, which was led by Moneta Capital and Needham Bank with participation from its existing investors such as Blumberg Capital, Correlation VC, and PnP Ventures. At the time, Benjamin Nachman, Jassby’s CEO, stated:

“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.”

Funds from the SeedInvest campaign will be used to continue the development of the Jassby platform and products.


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