Our client is a fintech startup based in Northern Europe. The founder, who previously served as a customer success manager at a bank, recognized a common challenge among bank customers who are parents: managing their children’s spending. Despite the availability of bank cards for children, many parents struggled to control and monitor their children’s expenditures due to their lack of financial maturity. To address this issue, our client conceived the idea of creating an eWallet platform. This platform enables seamless connection between children’s accounts and their parents’ accounts, providing easy control and management over their finances.
Flutter
Android
iOS
Admin Panel
Stripe - Payment Gateway
Custom Chat
Firebase
MySQL
Empower parents with robust controls to set spending limits, monitor transactions, and block specific categories of purchases, ensuring responsible spending habits for their children.
Facilitate the automated allocation of allowances to children's accounts on a recurring basis, encouraging financial responsibility and teaching budgeting skills.
Enable parents to assign chores to their children and track completion, with rewards automatically deposited into their accounts upon task completion, fostering a sense of responsibility and work ethic.
Allow parents to receive real-time alerts for transactions, low balances, or specific spending patterns, ensuring they stay informed and can address any financial concerns promptly.
Offer features for parents to create and manage family budgets, with the ability to allocate funds to different categories and track overall spending across family members' accounts.
Implement secure messaging or communication channels within the app, enabling parents and children to discuss financial matters, set goals, and collaborate on financial decisions in a safe and controlled environment.
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