When was Young Money founded?

Young Money was founded in 2012 and raised its 1st funding round 7 years after it was founded.

Where is Young Money located?

Young Money is headquartered in Copenhagen, Denmark.

Which legal entities is Young Money associated with?

Young Money is associated with &Money ApS.

How many employees does Young Money have?

As of Nov 30, 2024, the latest employee count at Young Money is 3.

Is Young Money a funded company?

Young Money is a funded company, having raised a total of $2.6M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Oct 23, 2019.

When was the latest funding round of Young Money?

Young Money's latest funding was a $***** Seed round on Jun 11, 2021, with participation from 4 investors.

Where does Young Money rank among its competitors?

Young Money ranks 1st amongst 2 active competitors, of which 2 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was MyMonii, which secured $319K in Dec, 2021.

Young Money - 2026 Company Profile, Team, Funding, Competitors & Financials

Young Money is a seed company based in Copenhagen (Denmark), founded in 2012. It operates as a Prepaid payment cards for children. Young Money has raised $2.6M in funding, with a current valuation of $*****.

Company Details

Young Money offers prepaid payment cards for children. Provides an app showing balance and card and account history. Enables parenting that allows parents to transfer money to a Young Money account. It is an account/card solution for children with parental control. App available on Android and iOS platforms.

Website: youngmoney.dk
Email ID: *****@sparnord.dk
Phone Number: +47 **********

Key Metrics

Founded Year

2012

Location

Copenhagen, Denmark

Stage

Seed

Total Funding

$2.6M in 2 rounds

Latest Funding Round

Seed, Jun 11, 2021, $*****

Investors

Arbejdernes Landsbank & 3 more

Ranked

1^st among 2 active competitors

Employee Count

3 as on Nov 30, 2024

Similar Companies

Greenlight & 85 more

View Young Money's full profile

Young Money is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
&Money ApS CIN: 40716297 , Denmark, Active	Aug 15, 2019	-	-

Young Money has raised a total funding of $2.6M over 2 rounds. Its first funding round was on Oct 23, 2019. Its latest funding round was a Seed round on Jun 11, 2021 for $*****. 4 investors participated in its latest round. Young Money has 4 institutional investors.

Here is the list of recent funding rounds of Young Money:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 11, 2021	2267338	Seed	1642953	9783562	6191891	4628345
Oct 23, 2019	9101815	Seed	1105353	8524278	5362319	4183311

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View details of Young Money's funding rounds and investors

Young Money's Board of Directors

Young Money's board has 1 active member. Nicklas Koth is independent board member.

Here is the list of Young Money's board of directors:

Name	Type	Representing	Status	Duration
Nicklas Koth	Independent board member	-	Current	11y 4m
zdoukhy	Independent board member	-	Past	6y 8m

Young Money's employee count trend

Young Money has 3 employees as of Nov 24. The total employee count is 25.0% lower than what it was in Nov 23. Here is Young Money's employee count trend over the years:

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Top competitors of Young Money include MyMonii. Here is the list of Top 10 competitors of Young Money, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Young Money 2012, Copenhagen (Denmark), Seed	Prepaid payment cards for children	$2.6M	Arbejdernes Landsbank, Trifork & 2 others	45/100
2nd	MyMonii 2015, Copenhagen (Denmark), Seed	App-based expense management platform for children	$1.42M	Seed Capital, Venturecup & 5 others	44/100