Z1
Z1 is a fintech company based in São Paulo, Brazil, offering a digital banking app tailored for teenagers and young adults in Latin America to foster financial independence.
Company Overview
Z1 operates in the fintech industry, offering a digital banking app designed for teenagers and young adults in Latin America. Part of the Y Combinator W21 batch, Z1 is based in São Paulo, SP, Brazil, and provides remote services. The app aims to facilitate financial independence for young users through features such as prepaid cards, mobile phone top-ups, and savings goals.
Digital Banking App for Teenagers
Z1's digital banking app is targeted towards teenagers and young adults in Latin America. The app offers a prepaid card linked to users' accounts, enabling them to manage and spend their money. Users can receive money from jobs and small businesses directly into their accounts. It also supports instant payments and money transfers through Pix, and allows users to create groups to pool money with friends for shared plans.
Prepaid Card and Financial Tools
Z1 provides a prepaid card linked to the user’s account, which allows teenagers to manage their finances effectively. The app also includes a feature for setting aside money to reach savings goals. Plans are underway to introduce a Z1 card that can be issued directly through the app, ensuring secure and convenient access to financial tools for young users.
Mobile Services and Gift Cards
Z1 offers various additional services directly within the app. Users can top up their mobile phones and purchase gift cards for popular services, including games, streaming, snacks, transportation, and retail stores. These features enhance the app's utility and make it a comprehensive financial tool for teenagers.
Security and Customer Support
Z1 ensures total security for its users, offering 24/7 customer support and features such as temporary card blocking. The app respects users' autonomy, privacy, and social names, providing a safe and supportive financial management platform. Users can access Z1’s services through the Google Play Store and Apple App Store.