Mitto provides a digital wallet plus virtual and physical debit cards aimed at Gen Z (from age 14), enabling parents to top up wallets and monitor their children’s purchasing profiles. The product is positioned to give teens financial independence while improving financial literacy and awareness of spending impacts. Mitto says it has 150,000 registered users and a waiting list of more than 80,000 across several countries. The startup intends to invest the new funding in its product and partnerships to become the financial platform of choice for Generation Z. It plans geographic expansion into other European and Latin American markets where it sees demand. The company emphasizes helping users understand the sustainability impact of their spending as part of its longer-term mission.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Sep 2019