Atlanta-based fin-tech company Greenlight Financial Technology has secured $54 million in Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Sept. 16 and led by Drive Capital.
According to its Crunchbase profile, "Greenlight helps parents raise financially-smart kids. Greenlight is a debit card for kids, teens and college students that parents manage from their mobile phones, using powerful and flexible parental controls. As the next-generation way for parents to give money, manage chores, and pay allowances to their children, Greenlight is safer, easier and more flexible than using cash."
The six-year-old company has raised two previous funding rounds, including a $20 million Series A round in 2018.
The round brings total funding raised by Atlanta companies in community and lifestyle over the past 90 days to $171 million, an increase of $167 million from the previous three-month period. The local community and lifestyle industry produced 15 funding rounds over the past year, securing a total of $539 million in venture funding.
In other local funding news, education company Spelman College announced a $2 million grant on Sept. 10, financed by the U.S. Department of Defense.
According to Crunchbase, "Founded in 1881 as the Atlanta Baptist Female Seminary, it later became Spelman College in 1924. Now a global leader in the education of women of African descent, Spelman College is accredited by the Commission on Colleges of the Southern Association of Colleges and Schools. Today Spelman's student body comprises more than 2,100 students from 41 states and 15 foreign countries."
The company has raised four previous rounds including a $30 million grant in 2018.
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