CHICAGO–(BUSINESS THREAD)–Coraa financial technology company that caters exclusively to college students, announced that it has reached 100,000 active users on its Budgeting tool from Kora Insights1. This milestone comes as students across the US struggle with rising college costs and associated living expenses.
“It’s encouraging to see so many members of Generation Z being proactive about their personal finances and taking the initiative to become more financially literate,” said Hao Liu, CEO of Kora. “Gen Z has realized that if they’re going to experience the same or better lifestyles than their parents and grandparents, they need to start budgeting and planning now.”
Kora Insights1 allows users to securely connect their bank accounts for a comprehensive overview of their assets and also categorizes users’ transactions for easier budgeting. This tool is one of four additional personal finance offerings they include cash1, Card2, i To drive1. The Kora’s Blog is an additional resource for students and is updated weekly with new financial education and insights on a wide range of college-related topics.
“Taking control of finances at a young age is crucial to building confidence when it comes to personal finances,” said Jose Duarte, Kora co-founder and CMO. “Although digital assets such as cryptocurrency are gaining popularity, the need for financial competition in traditional finance is much more urgent. The recent crypto crash has reminded young people that before you can go to the moon, you must first have a solid foundation in financial education.”
This feat of 100,000 users comes on the heels of Kora’s recent launch of the Kora Rewards1 program, a partnership with Cardlyticswhich allows users to earn up to 10% cashback rewards when they shop with the KoraCard2.
About Kora
Kora is a fast-growing financial institution dedicated to serving college students and helping them achieve a better financial future. In 2021, Kora was founded by a team that has been working for years to increase student access to financial products, financial literacy and develop an application-first experience that will empower the next generation of ‘college students to graduate with a healthy financial outlook. More information about Kora a www.koramoney.com or your favorite app store.
About MetaBank®
MetaBank®, NA, a national bank, is a subsidiary of Meta Financial Group, Inc.® (Nasdaq: CASH). MetaBank is a US-based financial empowerment company driven by its purpose to advance financial inclusion for everyone®. MetaBank strives to increase financial availability, choice and opportunity in its strategic service lines, such as payments, trade finance and consumer solutions, which includes tax services and consumer lending. These solutions integrate seamlessly to provide end-to-end support for the people and businesses that drive everyone’s economy. Additional information can be found by visiting www.metafinancialgroup.com.
1 This optional offer is not a Pathward product or service.
2 The Kora Visa® Prepaid Card is issued by Pathward, NA, Member FDIC, under license from Visa USA Inc. The card can be used anywhere Visa debit cards are accepted. No access to ATMs.
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