Miniemoney, a hybrid FinTech company, has highlighted the need to bridge financial literacy gaps among children and minors to build financial literacy through a supervised digital channel that provides a platform for parents to invest and save for their children’s future.
The move, he added, would foster a culture of financial literacy among children, while committing to improving cybersecurity, infrastructure to secure funds and data for families operating under the financial app.
Speaking on the development, CEO and Founder of Miniemoney, Mr. Gbolahan Faniran, assured that the Miniemoney digital platform is built with cybersecurity infrastructure to secure funds and protect data while emphasizing the need for inclusiveness for families at all levels.
Faniran expressed his excitement about working on the Miniemoney project and bringing solutions to parents and their youngsters, adding that “it’s more than just a passion project for me; it is a vision that will lead the average Nigerian family into the future.
He hinted that the product is backed by two commercial banks in Nigeria, adding that the deposits are with the banks and the app is just an interface to help parents use the platform to educate their children. on cultural savings and financial investment.
He noted that the app teaches how to save money and invest on priorities while saying it will help foster a culture of financial literacy in children to foster greater inclusion.
Also, he opined that through the app, parents can set chores and tasks for their kids while rewarding them to earn a certain amount of money, saying it will increase awareness. savings and financial independence among young people.
“The application is divided into two paths; the path of the parents and the path of the young person. Youth accounts must be verified by a parent or legal guardian before accessing certain features, however, in-app learning is available to all youth with or without parental verification,” he said. underline.