FROM THE INVESTORS OF
Never be credit invisible, get ahead before turning 18. Save on car insurance and student loans.
Over 100,000 places for you to get instant cashback with your Modak Visa Card.
Complete challenges in our app and earn Mobucks (MBX). Redeem directly to cash or other rewards.
No monthly or account minimum fees. No overdraft fees. No interest. The MoCard works for you.
FDIC insurance up to $250k through Solid Bank Partners, Member FDIC. 24/7 support with real people.
Modak is a US-based platform that empowers teens to reach their full potential regardless of their background. Over 25,000 teens and families across the US have joined Modak so far and it’s growing by the day! Led by Madhu Yalamarthi (Stanford MBA and ex-Venture Capitalist) and supported by GGV Capital, Monashees, Maya Capital, Nazca VC, One VC, and 30+ leading investors and entrepreneurs.
The Modak Visa Card is a secured credit card that allows you to make purchases up to the amount that is in your Modak Spending Account. With Smart Pay, your purchases are automatically paid off at the end of each month so you never have to worry about a bill or payments. You can opt in for us to report your transaction history as positive payment history to the credit bureaus when you’re 18+.
A high Credit Score will help you get better terms and lowest interest rates on student loans, car insurance, cell phone and house plan, among others. Having a low score or no score at all can cost you money and even count against you in a job hunt.
Yes, a secured credit card can help you build credit. Our technology will ensure you are making on time payments and never spend more than you have, which will allow you to establish a positive credit history over time.
On every transaction you make, we keep a small percentage! But most of our revenue comes from partnerships with other companies, enabling us to give you so many rewards.
By using Encryption, access controls, ensuring to comply with strict data protection policies and following relevant security and privacy regulations.
We are a financial app designed specifically for teenagers, combining a focus on financial education with gamification to make learning about personal finance more engaging and fun. We also offer features like cashback rewards on purchases and the ability to earn money through completing challenges, all while keeping our commitment to sustainability and the environment. Learn more about us.