SquareOne wants to create financial well-being for the next generation by providing the tools parents need to help their kids to be great with money. The company has secured a 7 year platform agreement with Mastercard (no equity exchanged) which will allow then to integrate across the Mastercard platform in 200+ countries. Mastercard has also provided $5.3m in non-dilutive funding.
The SquareOne team is led by two experienced founders, Jamie Jermain (20 years payments experience, internationally at Visa, Mastercard, LloydsTSB, RBS, Paymark and The Warehouse Group) and Jovan Pavlicevic (successfully founded, built and sold Forest in 5 years. Forest had a team of 25 and was a FCA regulated financial advice firm and chartered accounting practice with recurring revenue and a white label growth model).
The company is raising $1.6m and has taken $1.45m in commitments to date.