Jassby launches “The money app for families” and secures funding for growth

Jassby, Inc., a mobile payment system designed for kids and teens, today announced it has launched its free mobile application and successfully raised funding for future growth, led by Blumberg Capital, Correlation VC, and Moneta VC. The mobile platform, now available on Apple’s App Store, allows parents to manage their kids’ money in the digital age without the use of cash, credit/debit cards or checks.

“Jassby was designed for families living in a connected, digital and mobile world,” said Benny Nachman, founder and CEO of Jassby. “Kids today were born digital natives. Jassby’s service aligns with their preferred tool for communicating, learning and social interaction – their iPhone.”

Jassby provides a secure, convenient and transparent environment for parents to digitally give money to their kids for any reason, such as completing chores and tasks, getting good grades, excelling in sports, giving allowances, birthday gifts and more.

When kids have enough money they can shop right in the app from the top stores they love. Parents have complete control over which online stores they allow their kids to buy from.

Making Jassby a safe and secure experience is the top concern for parents, and a major feature of the app. Jassby protects users’ identity and personal information utilizing biometric authentication, two-step verification, and the latest encryption technology. Jassby is also COPPA-compliant (Children’s Online Privacy Protection Act).

“Jassby has the potential to help every family teach their children about the value of money with a safe and secure mobile solution,” said Chris Gottschalk, principal, Blumberg Capital. “At Blumberg Capital, this is our second time investing alongside Benny and we are confident in his and the team’s ability to grow and scale Jassby while creating the most trusted payment solutions for kids and parents. And as a father and uncle, I look forward to using Jassby with my family.”