Copper Raises $29M Series A for Teen Digital Banking Platform

Copper, a US-based digital banking platform designed for teenagers, announced a $29 million Series A funding round led by Fiat Ventures. The company offers a digital banking experience tailored to teen users, providing accounts, debit cards, and financial literacy tools. Copper operates in the embedded finance space by leveraging banking partnerships to deliver its services without holding a bank charter.

The funding will be used to scale the platform and expand its product offerings for the teen demographic. The raise reflects continued investor interest in niche consumer fintech solutions built on BaaS infrastructure. Copper competes in a growing segment alongside other teen-focused fintechs like Greenlight and Step.

The investment underscores the viability of embedded banking products targeting specific age demographics.