Singaporean financial literacy startup Little Wallet creating fintech products of educational nature for kids and teens, has signed a partnership with Visa, under the Visa Fintech Fast Track Program
Under Visa’s Fintech Fast Track Program, the creator of a financial app for kids and teenagers – Little Wallet – will embark on its mission to promote financial literacy amongst younger consumers in Southeast Asia.
Launched in 2022, Little Wallet has an ambitious vision of becoming the first multi-generational super-app in South East Asia. The fintech offers a multi-currency debit card and a gamified money management app suitable for kids between 6 – 18 years old, smoothly teaching them basic financial education concepts.
The app’s “Save Now and Buy Later” function helps kids calculate how much money they have to save at a particular time in order to afford something and reach their financial goals. Moreover, this option and other app functionality are available for all family members. The only difference would be the UI experience, as the app has various designs for multiple age groups.
The Singapore-based fintech startup will leverage Visa’s network, dedicated expertise, support and capabilities to grow card issuance in the region.
With rising inflation and living costs, kids and teens need to be early aware of the current economic climate and related challenges, and be financially prepared for the future.