Kard is a French challenger bank built specifically for teenagers, issuing each account an IBAN and a Mastercard debit card. The app offers card controls (block/unblock), instant transaction notifications, and peer-to-peer transfers between Kard users. The service was free for the past year and has attracted 50,000 teenage signups. Kard is switching to paid subscriptions for new users: families pay €4.99 per month or €49.90 per year to create a family account, after which they can add unlimited child accounts. New parent-facing features include an app to manage allowances, scheduled transfers, card blocking, and instant transfers; teens gain virtual cards, smartphone screen insurance (up to €100), and three card designs. On the product roadmap are Apple Pay, Google Pay, money pots, and personalized in-app discounts as potential new revenue streams. Kard competes with PixPay, Xaalys, Vybe, Revolut Junior, Lydia and offerings from traditional banks. Kard is a French challenger bank focused on giving teenagers their own bank accounts, IBANs and Mastercard debit cards controlled from a mobile app. Parents can top up a child’s account via bank transfer or card, while teens can block/unblock the card, view transactions and send and receive money in real time with other Kard users. Account opening is free and can be completed in minutes on a phone, with identity confirmation via ID photo later. The startup plans features such as money pots, transaction round-ups, donations to nonprofits and shared expense/social features similar to Venmo. The service is not yet live and operates a waiting list on its website. Financially, Kard raised $3.4 million (€3 million) in January.

Total raised

$7M

Funding rounds

2

Latest round

Seed

Latest activity

Sep 2020