Photo - MyMonii
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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
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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

5,00
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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
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
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