Copper raises $29 million

Copper Banking, a fintech startup offering banking services for teenagers, has raised $29 million in Series A funding. The round was led by Fiat Ventures and included participation from Panoramic Ventures, Insight Partners, Invesco Private Capital, and others.

Founded in 2019, the Seattle-based startup is on a mission to help create a “financially successful generation.” Copper’s banking services are designed for teens 13 and over. Aside from offering traditional banking products and services, Copper also helps parents stay in-the-know in regards to the money activities of their kids.

Copper claims to have 800,000+ users.