- Till Financial has selected Astra to bring instant money transfers to its users.
- Till Financial offers a fee-free debit card and savings platform for kids.
- The two will roll out more features “in the coming months.”
Family-focused financial platform Till Financial is keeping up with the times when it comes to faster payments. The Massachusetts-based company has tapped money movement platform Astra for instant money movement.
The partnership will offer Till users secure and instant fund transfers, meaning they won’t need to wait the traditional three-days for funds to clear. Astra will also remove much of the friction involved in funding the youth accounts.
“We are thrilled to join forces with Astra to bring Till to the next level,” said Till Co-founder Taylor Burton. “This partnership will enable us to deliver on our promise of serving the unique needs of our families through financial literacy and empowering kids to be smarter spenders by offering them the tools they need for instant, secure, and user-friendly fund transfers.”
Till was founded in 2018 to promote financial literacy among kids. The company offers kids a bank account, a debit card, and a goal-based savings account. The parent can set the kid’s allowance, control the card, and receive insight into kids’ spending and savings habits. Unlike other youth-based digital banking tools which generally charge around $5 per month, Till does not charge any fees.
“Our technology complements Till’s vision for free family banking perfectly, and we are empowering families to have greater control and flexibility over their financial activities,” said Astra CEO Gil Akos. “This partnership underscores Astra’s commitment to driving fintech innovation that directly benefits consumers.”
Till and Astra plan to roll out more features “in the coming months.”
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- Source: https://finovate.com/till-financial-taps-astra-to-bring-faster-money-transfers-to-families/
