Mozper provides digital banking services to South American parents and kids

According to the co-founder of Mozper, the company derives its name from the English words money, prosperity, and generation Z.

The company aims to help parents of Latin America raise a generation that is financially astute, and to boost this idea, Mozper has already launched an app and debit card. The app works by allowing the parents to deposit the allowances they provide to their kids onto the card, and the app allows them to monitor how much their kids are spending. Mozper has plans to charge a certain amount as a fee for getting access to the card. 

The company will provide a debit card and an app that both the parents and kids can access. Meanwhile, it helps the kids to spend their allowance using a card and can also track the transactions on the app.