Modak Live

Modak is a US-based fintech platform leveraging the power of technology, gamification, and community to empower kids and teenagers to reach their full potential. Founded with an audacious vision to make education personalized, accessible, and affordable for every child, Modak provides a comprehensive financial ecosystem designed specifically for young people aged 13 and up.

The platform offers a Visa debit card for kids and teens, allowing them to spend, save, and manage money in real life while parents maintain full control through monitoring and spending limits. Modak enables families to set up automated allowances, assign chores with monetary rewards, create savings goals with up to 4% annual boost, and earn cashback on purchases. The app also incorporates a rewards system where kids earn in-app points (MBX) by completing daily challenges and hitting fitness goals, which can be converted to real money on their cards.

Trusted by over 30,000 families, Modak is one of the most well-funded early-stage startups in the youth fintech space. The company is backed by top-tier investors including GGV Capital, Monashees, Maya Capital, Nazca VC, and One VC, along with more than 30 leading angel investors and entrepreneurs across Silicon Valley and Latin America. Modak is headquartered in Menlo Park, California.