Mazoola 5.0.4

Mazoola is a powerful app designed to empower parents in guiding their child's journey towards developing essential money management skills. With its COPPA certified mobile family wallet, Mazoola provides a secure and protected environment for children to learn and grow. By anonymizing a child's identity, Mazoola ensures privacy while shopping with their favorite retailers either online or in-store using their mobile device.

As a parent using Mazoola, you can:

• Create virtual debit cards for your child and conveniently store them on your mobile device.
• Set automatic allowance amounts for your child.
• Assign and track chores, along with the rewards associated with completing them.
• Approve retailers, shopping categories, and spend limits.
• Authorize, manage, and monitor purchases from the parental dashboard.
• Develop a comprehensive lesson plan to educate your child about goal setting, budgeting, and savings.

As a child using Mazoola, you can:

• Earn, learn, and spend money with your favorite retailers.
• Set and track savings goals to help you develop good financial habits.
• Track chores and the rewards associated with completing them.
• Send money securely to a friend.
• Shop anywhere (online or in-store) with privacy and security.
• Add your debit card to Apple Pay or Google Pay Wallets for convenient payments.
• Keep track of your spending through real-time transaction history.

Mazoola takes children's online privacy seriously and ensures compliance with COPPA and GDPR regulations:

• Utilizes bank-grade encryption and authentication to safeguard personal information.
• Does not store social security numbers or banking information.
• Implements highly secure data management and strict data privacy policies, with no data selling.
• No hidden fees or overdrafts, ensuring transparency and no unwelcome surprises.
• Accounts are FDIC insured through our trusted partner, Evolve Bank & Trust, a member of FDIC.

Moving towards digital solutions has become the new normal, along with digital marketing tactics that may compromise children's privacy and violate COPPA. While different banking options for children and families have emerged, none have effectively addressed COPPA or privacy concerns.

Founded in 2008 by concerned parents who recognized the risks associated with unregulated marketing and the potential exposure of their child's personal information, Mazoola's mission is simple: to empower kids with a mobile wallet while prioritizing their privacy and safety. Because protecting a child's privacy matters.