Thumzap has built a payments platform designed to reduce friction for teens who lack payment options to shop online. Developers can embed a 'Just Ask' button at checkout so a child can notify a designated payer, who can approve and pay without revealing payment details to the recipient. The company charges a small cut from payments it processes as its revenue model. Thumzap aims to convert non-paying users into paying ones by making parental payments easy across participating apps. Its success depends on gaining traction with online sellers and app developers and achieving ubiquity of the 'Just Ask' option. The concept has raised concerns about potential abuse, including increased 'pester power.'

Total raised

$3M

Funding rounds

1

Latest round

Seed

Latest activity

Feb 2016