Kora Insights, their premier budgeting tool, hits record usage amid rising tuition fees and national inflation
CHICAGO–(BUSINESS WIRE)–Kora, a financial technology company exclusively serving students, announced that it has reached 100,000 active users on its budgeting tool Kora Insights1. This milestone comes as students across the United States grapple with rising college costs and associated living expenses.
“It’s uplifting to see so many Gen Zers being proactive about their personal finances and taking the initiative to gain more financial literacy,” said Hao Liu, CEO of Kora. “Gen Z has realized that if they want to live the same or better lifestyle than their parents and grandparents, they need to start budgeting and planning now.”
Overview of the Kora1 allows users to securely connect their bank accounts for a full range of their assets, and also categorizes user transactions for easier budgeting. This tool is one of four additional personal finance offerings, including Cash1Map2and Drive1. The Kora Blog is an additional resource for students and is updated weekly with new financial news and information 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, co-founder and CMO of Kora. “Although digital assets like cryptocurrency are becoming popular, the need for financial skills in traditional finance is much more pressing. The recent crypto crash reminded young people that before shooting the moon, you must first have a solid foundation in financial education.
This achievement of 100,000 users follows Kora’s recent launch of the Kora rewards program1a partnership with Cardlytics, which allows users to get up to 10% cashback when shopping with the KoraCard2.
Kora is a fast-growing financial institution dedicated to serving students and helping them achieve a better financial future. In 2021, Kora was founded by a team that has worked for years to increase student access to financial products, financial literacy, and the development of a first app experience that will help the next generation of students graduate with healthy financial prospects. 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 goal of driving financial inclusion for all®. MetaBank strives to increase availability, choice and financial opportunity in its strategic service lines, including payments, trade finance and consumer solutions, which include tax services and consumer loans. These solutions are seamlessly integrated to provide end-to-end support for individuals and businesses that power 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, pursuant to a license from Visa USA Inc. The card can be used anywhere Visa debit cards are accepted. No ATM access.