Modak
Curated by SignalNeobank empowering teenagers with financial education and rewards.
Overview
Modak is a neobank that targets teenagers aged 13-17, offering a financial solution that includes financial education, rewards, and cashback opportunities through its Visa MoCard. The platform allows users to earn cashback at various locations and brands while promoting responsible money habits without charging monthly fees or requiring account minimums. Modak's services include virtual payment methods, direct deposit options, and a secured credit card feature aimed at helping users establish credit history. The platform emphasizes safety by providing 24/7 support and FDIC insurance through Solid Bank Partners, focusing on enhancing financial literacy and responsible money management for teenagers.
Key facts
- Founded
- 2022
- Headquarters
- Menlo Park, United States
- Stage
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- Industry
- Financial Technology
- Sector
- Digital Banks
Business model
- GTM channel
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- 6 products and services
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- Commercial model
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Contact
- Primary office
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- Phone
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