Osper

bankingtech

FOUNDING YEAR: 2012
LOCATION: United Kingdom
Last Update: 01/05/2020

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About

Osper thinks young people are smart - and can do amazing things if we give them the tools. Especially when it comes to the business of managing money. In fact, we think its important theyre exposed to the reality of it early. That's why we've set up Osper, a mobile banking service that gives children as young as 8 a safe way to learn to by doing. The young person gets a debit card that their parent tops up weekly or monthly with their budget. The card can be used in shops, at cash machines and online. Both parent and child get an app that allows them to track spending on the card together. We're already helping tens of thousands of young people becoming confident in managing money, and our journey has only just begun. Fancy joining the learning revolution? We're hiring - have a look here: https://osper.com/jobs.

MEDICI Analysis

Osper is a prepaid debit card and mobile banking service that empowers young people to manage their money responsibly. It offers a safe MasterCard prepaid debit card and a simple mobile banking app with separate logins for young people and parents.

Focus

PRODUCTS & SERVICES

Mobile Banking App & Prepaid Card

REVENUE MODEL

Osper’s income model is subscription-primarily based. The app and card are free of charge for the first year and £10 per annum thereafter.

MAIN CLIENTS

Retail Consumers (childrens)

EXISTING PARTNERSHIPS

IDEO

Traction

VALUATION / MARKET CAP:

$66.67 M in 2015

ACTIVE USERS:

0.0010

People

FOUNDERS

Alick Varma

BOARD MEMBERS AND ADVISORS

Alick Varma

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Conversion Capital

Darren Shapland

Ellen Levy

Horizons Ventures

Index Ventures

Peter Jackson

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

2

TOTAL FUNDING

$11.22 M

DATE OF LAST FUNDING

2014

SEED & PRIOR FUNDING

$1.22 M

SEED CLOSED ON

May 2013

FUNDING SERIES

SERIES A  · $10 M  · Jun 2014

LISTED

NO

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