b.labs Venture Update: Kidcoin Enters the Market
b.labs has an exciting update on one of our ventures: the Kidcoin app has launched and is now in the market, available on iOS and Google Play app stores. On launch day—Saturday, 10/15/22—the Kidcoin team gathered at Caven Point Field to introduce the app to the players and families of the Jersey City Soccer Association.
The event was a huge success by several measures. Multiple soccer enthusiasts and their families approached the Kidcoin booth and downloaded the free app. Many more expressed interest in how Kidcoin could help children become more financially literate and responsible, and how the service could be a connections and communications tool to facilitate greater closeness between parents and kids.
“It takes a village to raise a child,” says Arman Rousta, CEO and Founder of b.labs. “Kidcoin represents that by allowing kids to have and communicate with multiple supporters. Micros, chores, goals, allowances . . . it’s all possible within Kidcoin.”
Kidcoin is the future of smart money management, for kids and families. Their app enables parents to create logic around allowances, gift giving and rewards for their children, while kids as young as 5 years old get to setup wish lists, goals and earn Micro Scholarships from sponsors. The Kidcoin booth will be at Caven Point Field for the next five Saturdays, until November 19th.