Wednesday, June 29, 2022

CBA’s VC arm, x15ventures, takes over digital banking for kids with new finance app, Kit

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Shreya Christina
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Koh said nearly half (49%) of parents claim their children spent their money without their knowledge or consent, with 41% saying their children have used their credit card or pre-provided bank details to shop online, while 37% says the stolen money was spent on in-game credits.

Koh continues: “It’s so important that we encourage conversations about healthy money. That’s why we made the Kit app very interactive,” she says.

“Our in-app character is there to entertain as well as educate, with fun facts and even jokes to make kids laugh and encourage them to interact with their parents.”

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