Kora, the personal finance app for college students only, reaches 100,000 active users on the budget tool
Chicago–(work wire) – Kora, a financial technology company that exclusively serves college students, has announced that it has reached 100,000 active users on their Kora Insights budget tool1. This landmark arrives at a time when students across the United States grapple with rising college costs and associated living expenses.
“It is a pleasure to see so many members of Generation Z act proactively on their personal finances, and take the initiative to become more knowledgeable about financial issues,” said Hao Liu, CEO of Kora. “Generation Z has realized that if they are going to experience the same or better lifestyle of their parents and grandparents, they need to start budgeting and planning now.”
Korra Visions1 It allows users to securely link their bank accounts for a full range of their assets and also categorizes users’ transactions to facilitate the budgeting process. This tool is one of four additional offers for personal finance including cash1Card2and drive1. Kora’s blog is an additional resource for students, updated weekly with new financial education and insights on a variety of college-related topics.
“Control of finances at an early age is crucial to building trust when it comes to personal finances,” said Jose Duarte, Co-Founder and Executive Director of Marketing at Kora. “Despite the proliferation of digital assets like cryptocurrency, the need for financial proficiency in traditional finance is even more pressing. The recent crypto crash has reminded young people that before you get started, you must first have a solid foundation in financial education.”
This 100,000 user feat comes on the heels of Kora’s recent launch of the Kora Rewards Program1Cardlytics, a partnership with Cardlytics, allows users to earn cashback rewards of up to 10% when shopping with KoraCard2.
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 working for years to increase student access to financial products, financial literacy, and develop an initial app experience that will train the next generation of college students to graduate with a healthy financial outlook. Learn more about Kora at www.koramoney.com or your favorite app store.
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 promote financial inclusion for all®. MetaBank seeks to increase financial availability, choice, and opportunity across its strategic service lines including payments, trade finance and consumer solutions, consisting of tax services and consumer lending. These solutions are seamlessly integrated to provide comprehensive support to individuals and businesses who support 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 Visa card can be used everywhere Visa debit cards are accepted. No ATM access.