Tuesday, January 19, 2021
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Past features nimbl partners with Moneyready to promote financial education

nimbl partners with Moneyready to promote financial education

The two platforms have joined forces to help children develop vital financial literacy skills

 nimbl, the digital pocket money app and prepaid card for children aged 8 to 18, has announced a collaboration with Moneyready, the interactive online financial education platform.

Moneyready was founded due to the increasingly pressing need to prepare young people for their financial futures. The service enables children to make sense of money matters through its online platform, which features a range of interactive activities, games and quizzes. It is primarily aimed at schoolchildren ranging from 7 to 18 years old and offers a subscription to both schools and parents alike.

A product established with a similar ethos on encouraging financial literacy, nimbl allows children to experience the responsibility of managing their own finances, whilst providing parents with a safe and secure environment to support their children as they learn to become financially competent and confident.

Commenting on the partnership, Clint Wilson, founder of nimbl, said: “We are excited to be collaborating with Moneyready. Enabling children to develop financial literacy skills is at the heart of everything we do, and so this struck us as a natural partnership. The timing of this collaboration is also absolutely key. Following the closure of all UK schools and colleges on 20th March, and with children spending more time at home, many parents may now use this as an opportunity to teach their children about the value of money.”

Helen Driver, founder of Moneyready, added: “We are looking forward to partnering with nimbl, as fellow champions of financial literacy both at home and in schools. We are excited to embark on this adventure in a collaborative effort, helping to equip children with the vital financial understanding they need for the future.

About nimbl
nimbl is a prepaid Mastercard® debit card and smartphone app for 8–18-year olds.

The app allows parents to monitor and control their child’s spending, make one off payments, introduce allowances and impose spending limits. Parents receive alerts through the app to notify them of their child’s spending activities.

Using the web and mobile app, the child can keep track of money coming in, what they’ve spent and how much they’ve saved. Friends and family can also be involved in the child’s financial journey and send money easily via a secure gift link.

The card, which is accepted in over 32 million locations worldwide, has a number of additional security features that give parents the option to disable cash withdrawals or spending online and to ‘soft’ lock and unlock the card via the app. The card is also restricted by default at age-inappropriate merchants like pubs and websites with adult content.