Funding

Birdwingo funding news – Fintech-Startup Birdwingo Secures €1.2 Million in Funding

May 3, 2024 | By Startup Rise EU

Fintech firm Birdwingo, located in Prague, has raised €1.2 million to introduce its user-friendly platform for investing and financial education. A New York-based venture capital fund called Bienville Capital led the round, which also included bank officials and other startup founders.

SUMMARY

  • Fintech firm Birdwingo, located in Prague, has raised €1.2 million funding.
  • It is used to introduce its user-friendly platform for investing and financial education.

Fintech firm Birdwingo, located in Prague, has raised €1.2 million to introduce its user-friendly platform for investing and financial education. A New York-based venture capital fund called Bienville Capital led the round, which also included bank officials and other startup founders.

Birdwingo is a unique software in the European Union that enables underage minors to invest in major companies and ETFs, such Apple, Nvidia, and the S&P 500, among over 12,000 other alternatives. The programme was founded by two brothers who wished they had had access to such a tool when they were younger.

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Birdwingo has developed a "Duolingo for finance" school to teach teenagers how to manage these assets. Rather than using a corporate finance textbook, the academy aims to engage today's kids with forms evocative of Duolingo, Instagram, and TikTok.

Adam Hano, Birdwingo’s co-founder said: “Birdwingo addresses the gap in financial education, which schools often inadequately cover, and is sometimes left to questionable financial influencers or scammers online. We step in to enable teenagers to actively invest under full parental supervision, combining high-quality theoretical knowledge with real-world practice.”

Similar to the well-known language learning programme Duolingo, Birdwingo has created a gamified learning environment. Under the careful supervision of parents, this captivating academy teaches fundamental financial skills like budgeting, investing, and scam awareness through interactive lectures and real-life investment scenarios.

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Additionally, with its "learn to earn" function, Birdwingo pays teenagers with cash for learning. The academy was developed by alums of prestigious business institutions, such as the Wharton School at the University of Pennsylvania, and has been put to the test at European high schools.

Data from the platform's beta testing phase indicate encouraging outcomes: 84% of parents think their children's financial literacy has much improved, 94% of teenagers who completed the Academy reported feeling more confident about handling their money, and 79% began saving and investing for the long run.

About Birdwingo

Birdwingo is a user-friendly site that provides financial education and investing opportunities for the upcoming generation of ethical, long-term European investors.

Collaborating with well-known New York financiers and guaranteeing complete adherence to rules. They provide you with an easy-to-use and safe app. It's a great first step towards prudent money management.

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