FamilyMint makes mobile kid money mgmt product

FamilyMint continues to roll out its principal financial-education product this year, recently releasing a mobile version, thanks in part to some cash from the Michigan Microloan Fund.

"We're really excited about our mobile version," says Jeff Eusbio, CEO and co-founder of FamilyMint. "Anyone with a web browser can use it."

The Ann Arbor-based business, which calls the Tech Brewery home, provides an online money-management system for kids, with parents serving as the bank. With this system, children figure out what to do with their money and then go to mom and dad to make withdrawals.

FamilyMint has a team of five employees, three independent contractors, and the occasional summer intern. It launched the Beta version of its website early this year. It has since released a premier version and is partnering with a number of local credit unions. Eusbio plans to focus on the credit union market next year by integrating it into its youth programs. "Their target markets and ours are the same," he says.

Source: Jeff Eusbio, CEO & co-founder of FamilyMint
Writer: Jon Zemke

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