Tim Sheehan Founded by Tim Sheehan and Johnson Cook, Greenlight is a fintech company on a mission to improve financial literacy for kids. So Greenlight provides a debit card, an all-in-one family finance app, and investing tools for kids and teens to learn about budgeting, spending, saving, and building wealth.

The Atlanta-based Greenlight is now working with over 6 million customers and has raised about $550 million in total venture-backed capital since its inception, Sheehan said. The most recent investment included a $260 million Series D round in 2021 that valued the company at $2.3 billion.

Business Model Greenlight operates as a SaaS company, which means that clients pay a flat fee based on which plan they select. Currently, they have the $4.99/month, $9.98/month, and $14.98/month plans. There is also a fee of $25 for the issuance of debit cards.

Greenlight is the family fintech company on a mission to help parents raise financially-smart kids.

Greenlight Max gives every kid an edge. The all-in-one plan teaches them money management and investing fundamentals - with real money, real stocks and real-life lessons. Plus, kids get 1% Cash Back on purchases and earn 2% on Savings.*

If you're wondering whether Greenlight is legit, the answer is yes. The balance on your child's Greenlight debit card is insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000.

Greenlight Alternatives

• BusyKid.
• GoHenry.
• FamZoo.
• Chase First Banking.
• Capital One MONEY.

The Greenlight Debit Card is easily one of your best options thanks to an impressive feature set that helps you not only monitor spending, but also teach your child about money through budgeting, saving, earning rewards and even investing.

On our "Greenlight + Invest", "Greenlight Max", and "Greenlight Infinity" plans, families have access to over 4,000+ stocks and ETFs.

The Greenlight Debit Card is easily one of your best options thanks to an impressive feature set that helps you not only monitor spending, but also teach your child about money through budgeting, saving, earning rewards and even investing.

Greenlight Is an Excellent Investment Greenlight has a suite of tools that helps kids learn about different aspects of personal finance, with hands-on learning, too. The pricing levels make the core services accessible even if you don't want the top tier and all of the extras it includes.

It's profitable. Many green investments provide strong returns and are growing faster than the overall stock market. It's the future. The world is increasingly moving towards renewable energy and sustainable practices, so investing in green is a way to stay ahead of the curve.