BankingON, a leading provider of digital banking solutions, has successfully raised funding in its Series A round led by Eagle Venture Fund. The funds will be utilized to launch Boucoup™, a mobile banking and interactive learning platform designed for credit unions.
Boucoup enables credit unions to offer comprehensive financial services, empowering parents to teach essential money skills to their children through features such as instant allowances and chore-based rewards.
The platform aims to enhance financial literacy and preparedness for the next generation, providing teenagers with a safe introduction to financial products. BankingON emphasizes the importance of credit unions retaining their brand identity and members, using Boucoup as a platform that integrates with the credit union’s existing core banking system and branded debit card. Boucoup includes an intuitive graduation feature, allowing members to seamlessly transition to adult checking/savings accounts within the credit union.
Alexey Krasnoriadtsev, co-founder and CEO of BankingON, highlighted the platform’s commitment to fostering a community focused on financial learning. Wade Myers, General Partner of Eagle Venture Fund, expressed confidence in BankingON’s ability to provide a comprehensive banking and educational solution for credit unions, catering to the emerging demographic of digitally native parents seeking tools to teach their children about money.
Digital banking solutions provider BankingON has secured funding in a Series A round led by Eagle Venture Fund. The funds raised will be utilized to launch Boucoup™, a family finance mobile banking and interactive learning platform tailored for credit unions. Boucoup enables credit unions to offer a range of financial services, allowing parents to teach essential money skills to their children through features such as instant allowances and chore-based rewards.
The platform’s mission is to enhance financial literacy and preparedness for the next generation by providing teenagers with a secure introduction to financial products. BankingON emphasizes the importance of credit unions retaining their brand identity and members, with Boucoup integrating seamlessly with the credit union’s existing core banking system and branded debit card. The platform includes an intuitive graduation feature, facilitating a smooth transition to adult checking/savings accounts within the credit union.
Alexey Krasnoriadtsev, co-founder and CEO of BankingON, emphasized the platform’s commitment to fostering a community focused on financial learning. Wade Myers, General Partner of Eagle Venture Fund, expressed confidence in BankingON’s ability to provide a comprehensive banking and educational solution for credit unions, catering to the emerging demographic of digitally native parents seeking tools to teach their children about money.
