49409
MyMonii
Allowance app and payment card for kids and youngsters
Denmark
Market:
Financial services
Stage of the project:
Operating business
Date of last change:
21.09.2020
Startup.Network
Startups and Investment Projects
MyMonii
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Idea
For children allowances and basic transactions can be hard to understand in a cashless society.
While parents are juggling the right level of control and responsibility in a more and more cashless society.
And banks are failing to match the modern need of “banks”. Who need banks as we know them today in the future?
Current Status
+ 1.000 monthly paying customers
+ 4000 transactions per month
Full control of Growth since July 2020:
adding 200 new customers per Month
+ 230.000 downloads
More than 26.000 active users
Market
All families with kids +6 years
Problem or Opportunity
For children allowances and basic transactions can be hard to understand in a cashless society.
While parents are juggling the right level of control and responsibility in a more and more cashless society.
And banks are failing to match the modern need of “banks”. Who need banks as we know them today in the future?
Solution (product or service)
MyMonii is an app that for now supports Alllowance and Mastercard - but will also do Simple Banking.
Competitors
Revolut, GoHenry
Advantages or differentiators
Much better app than the banks. Disrupting banking.
Finance
MyMonii Premium is 4 EUR per month or 39 EUR per year.
Business model
MyMonii is free for allowance - and if you want Mastercard - you pay for MyMonii Premium
Money will be spent on
Building own integration system towards mastercard - and growth.
Team or Management
Thor Angelo
Owner
Presentation
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
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Lead investor
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Incubation/Acceleration programs accomplishment
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Presentation
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