The start-up Bling Card has announced developing a secure prepaid pocket money card combined with a financial education app for children and teens, in partnership with the renowned European fintech and leader in Banking-as-a-Service, Treezor.
With the Bling Card, children and teens can pay independently and securely throughout Germany, including online. Thanks to the Bling app, the young users learn how to handle money responsibly. For the educational functions and content, Bling works together with independent certified educators and experts. Parents can assist their children in using the Bling Card via the app. They have the possibility to set limits, send money immediately and reward their children for tasks. Since the Bling Card is a prepaid card, overdrawing is not possible.
Treezor is a Principal Member of Mastercard and Bling will rely on this network, meaning the Bling Card can be used to make secure payments wherever Mastercard is accepted
To implement both technical and regulatory payment functions, Bling is relying on Treezor, the European leader in Banking-as-a-Service (BaaS), regulated since 2016 and part of the Societe Generale group since 2019. “We were looking for a BaaS partner that brings years of experience, doesn’t compromise on security and compliance, yet can keep up with our record pace,” says Nils Feigenwinter, the 21-year-old founder and CEO of Bling Card. As a result, he says, it was obvious for the Berlin-based startup to choose Treezor. Thanks to Bling, Treezor is making its services live in Germany for the first time. “We are delighted that with Bling we are not only launching our first German partner, but also a great financial education tool for families and young people,” says Florian Ertelt, Head of Treezor Germany.
