Z1 secures $10.6M investment to empower teenagers with financial independence

teen using phone

Z1 raised $10.6M in a funding round co-led by Homebrew Fund, Parade Ventures, and Kindred Ventures.

Z1 is a fintech company that offers digital accounts exclusively for teenagers focusing on providing financial autonomy and promoting healthier money management habits from an early age.

Z1 plans to use the raised capital to develop new products and features, expand its user base and assist existing customers in their transition to adulthood.The company plans to extend its target audience, and the recent investment puts Z1 in a favorable position to continue expanding while also offering financial prospects to young Brazilians.

Z1 has experienced considerable market growth by targeting teenagers, resulting in a devoted customer base. 

Read more on Startupi.

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