These two children have come up with a parent-to-child payments app

folarin okunola

September 22, 2015 7:42 AM

The app has versions for both parents and kids, allowing parents to send money easily and set recurring payments and allowances for things like chores.

Mann and Chopra are two of the greatest minds of tomorow

Two of the youngest co-founders ever have developed an app that gives parents the ability to coordinate allowances and payments for their kids.

Kieran Mann, 9, and Rohan Chopra, 10, took to the stage at the TechCrunch Disrupt Hackathon on Sunday to launch their app, Beanstock.

The app let’s parents coordinate payments and allowances for their children that are attached to real bank accounts.

The app has versions for both parents and kids, allowing parents to send money easily and set recurring payments and allowances for things like chores.

READ: Security issue on Kardashian website exposes users payment info

“Piggy banks are so last century,” says Mann during his pitch onstage. The founders hope for a situation where kids can get involved and acquaint themselves with banking practices from an early age. Younger users can also use the app to check and manage how they spend money.

Mann and Chopra aren’t done with Beanstocks yet and seem excited to work on adding more features, so it will be interesting to watch what these two brilliant kids do with their app.

folarin okunola

Enhance Your Pulse News Experience!

Get rewards worth up to $20 when selected to participate in our exclusive focus group. Your input will help us to make informed decisions that align with your needs and preferences.

I've got feedback!