Copper is a fintech startup that focuses on providing banking services tailored specifically for teenagers. The company offers a Copper Debit Card and a mobile app that not only give teens instant access to their money but also aim to educate them about financial management. This dual approach helps young users become better prepared for their financial futures.

Copper operates in the financial technology (fintech) market, targeting a niche segment—teenagers and their parents. The company’s services are designed to bridge the gap between traditional banking and the unique needs of younger users. By offering features like zero liability protection from Mastercard, no hidden fees, no overdraft fees, and no minimum balance requirements, Copper makes banking accessible and straightforward for its young clientele.

The business model is primarily based on partnerships and user engagement. Copper generates revenue through interchange fees, which are small fees paid by merchants whenever a Copper card is used for a transaction. Additionally, the company has a referral program where users can earn money by inviting friends to join the platform. This not only helps in customer acquisition but also fosters a sense of community among users.

Copper also partners with Evolve Bank & Trust to ensure that deposits are FDIC insured, providing an added layer of security for its users. The app allows for direct deposits, and it can be connected to popular payment apps like Cash App and Venmo, making it versatile for various financial activities.

In summary, Copper is revolutionizing teen banking by combining practical financial tools with educational resources, ensuring that the next generation is financially literate and prepared for the future.

Keywords: Teen Banking, Debit Card, Financial Education, Fintech, No Fees, FDIC Insured, Direct Deposit, Referral Program, Mastercard Protection, Mobile App.