Osper

Osper is a prepaid debit card and mobile banking service empowering young people to manage their money responsibly by instilling good financial habits from an early age. It offers a safe [MasterCard](https://www.crunchbase.com/organization/mastercard) prepaid debit card and a simple mobile banking app with separate logins for young people and parents. All money on Osper is safely managed by a European regulated bank. Its application runs on Android and [Apple](https://www.crunchbase.com/organization/apple) devices that also include any iOS device running 6.0 or higher. Osper is comprised of several investors, including Index Ventures, Horizons Ventures and a number of entrepreneurs, and individuals from the financial services market. To use the service, young people must be at least 8 years old, and must sign up with a parent or legal guardian. Their parents or guardians must be U.K. residents with a debit card from a U.K. bank. Osper was launched in 2012 by Alick Varma, who previously worked at [McKinsey](https://www.crunchbase.com/organization/mckinsey-company) and [Spotify](https://www.crunchbase.com/organization/spotify), and also trained to be a math teacher. It is based in London.