Israel-based VC Hetz Ventures led a US$3.55m round in Mozper, a Mexico-based financial education platform for children, with participation from F-Prime Capital, Foundation Capital, and Secocha Ventures, and follow-on from DUX Capital and John Farrell. DUX Capital led a US$770k round in April 2020. Mozper was part of YC’s S20 batch.
(Crunchbase News) – Four months after graduating from Y Combinator, Mozper has launched in Mexico and raised a $3.55 million seed round to develop an app and debit card program designed for children and parents in Latin America.
Mozper, which essentially aims to digitize children’s pocket money, operates out of Mexico City and was founded in December 2019 by Gabriel Roizner, Pablo Klestorny and Yael Israeli. Parents in Brazil and Mexico alone give $10 billion annually in pocket money to their children, Mozper’s CFO Israeli told Crunchbase News.
Inspiration for Mozper came from U.S. fintech startups that help build healthy financial habits for children, such as gohenry, which raised a $40 million financing round last week led by Edison Partners, and Greenlight Financial Technology—which Israeli said her children were using—that secured a $1.2 billion valuation after closing on $215 million in Series C funding led by Canapi Ventures and TTV Capital in September.
Read more at Crunchbase News.