Former Paytm executives to roll out kids focused smart card startup - Junio

After taking a two-year long sabbatical, Shankar Nath, former Paytm Senior Vice President, has co-founded Junio with another Paytm alumnus Ankit Gera. This is the second venture of Shankar Nath.

 

Junio is smart card focused towards kids which allows them to purchase both digitally and physically. It is similar to a credit card and imparts financial discipline to children, as per news source.

 

Junio allows the parents to control smart cards through the app wherein they can create in-app chore lists and tie them with perks. It also has the feature of instant fund transfer, notifications and flexibility to cancel the card at any moment through the app.

 

According to a news source, the app will be launched soon and will go live in a few weeks.

 

In India, the kids focus fintech space is at an early stage. Launched in early 2019, the Bengaluru-based firm had raised $4.7 million in a seed funding round from Y-Combinator, Sequoia India, and Global Founders Capital.