Modak is a US-based fintech company that offers a Visa secured credit card and a checking account for teens through its relationship with Solid Financial Technologies, and its partner banks, Members FDIC. Through Modak, Teens can start building credit scores, gain financial literacy, and earn cashback at 100,000+ merchant locations across the US. Modak is supported by GGV Capital, Nazca, and 35+ leading investors and entrepreneurs.
There are no hidden fees associated with Modak. We don't charge for opening a card and most of our services. However, if you need expedited or premium services, our app will show you and ask for your permission before charging the fees. If not, you can use our regular services - which is most of our services -for free!
We have implemented several ways to protect your personal information:
A MoCard is a secured credit card through which you can spend your money, build a credit history, and earn/spend rewards points (Mobucks) for healthy behaviors.
Modak's upcoming secured credit card will be supported by renowned partners in the financial industry. By partnering with these established institutions, Modak is committed to adhering to all state and federal finance and banking regulations. As we approach the launch of our secured credit card, we will be sharing additional information about the benefits and features that our cardholders can expect. Stay tuned for further updates.