Yodaa is constructing a neighborhood of wise, financially conscious teenagers across India and SE Asia by way of its solution offerings like a individual card and wise income app.
Yodaa, a teen neo bank has constructed a Stash account for its customers to encourage savings at an early age. Teens will be capable to use Stash to set up their individual recurring savings plans, wherein parents will also have the choice to contribute. The teen neo bank is made to empower wise teenagers with the tools to recognize and accomplish monetary independence. Using the Yodaa’s Split Bills function, teen members can split and settle bills very easily inside the Yodaa network.
Yodaa is constructing a neighborhood of wise, financially conscious teenagers across India and SE Asia by way of its solution offerings like a individual card and wise income app.
Considering that monetary preparing is not a massive aspect of the curriculums becoming taught in Indian schools, the business believes that Yodaa and its capabilities like stash and split bills can assistance develop income management abilities from a young age and produce financially accountable adults in the future.
Founder and CEO, Gaurav Sharma speaking on the significance of understanding to save and invest early says, “Financial awareness is a vital cornerstone in every individual’s life, but also one that has been neglected in recent times, leading to poor financial decisions among today’s adults and a loss of wealth creation opportunities. With Yodaa and tools like Stash and Split Bills, we are trying to ensure that the next generation is well equipped to deal with the financial situations in their life with substantial savings and a wealth creation mindset.”
In light of the spike in interest amongst teenagers in the individual finance domain in current years, Stash is one of the main capabilities becoming presented to members of the Yodaa neighborhood, along with tools to assistance send and obtain income and sources to discover about individual finance. The Stash function in the Yodaa app permits teen members of the neighborhood to set up recurring savings plans — individually or with contributions from their parents.
The Yodaa app is at the moment obtainable for teens in India on the Apple App Store and Google Play and is becoming rolled out to the 30,000 individuals who expressed interest by joining its waitlist.
Parents will also be capable to use the Stash function from their individual Yodaa app, which will permit them to top rated up their teen’s card or Stash savings account. Yodaa members will also have access to a number of possibilities for social finance inside the Yodaa network. The Split Bills function will allow Yodaa members to split bills and settle them very easily with the funds obtainable on their Yodaa Card. They will also be capable to chat with other members and send/request income inside the chat module.