# Manibux

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/manibux

- Industry: Software
- Headquarters: Istanbul, Turkey
- Website: www.manibux.com
- Total disclosed funding: $0.2M
- Latest round: Seed (Oct 9, 2021)
- Investors on record: 1

## About

Manibux is an innovative Edu-Fintech company providing a digital pocket money management system aimed at children and teenagers, allowing secure financial transactions while enabling parental oversight.Founded in 2016 in Istanbul, Turkey, Manibux offers digital financial solutions for youth. The company has undergone no major pivots or changes in its strategic direction. It was established by Burak Günsev and Canan Bayrak. In October 2021, Manibux raised TRY 2 million in Seed funding led by APY Ventures, which marked its first significant funding round, totaling TRY 2 million raised.Manibux offers a comprehensive digital pocket money management system designed specifically for children and teenagers. Its core products include the Manibux K12 school card and the Manibux application, which facilitate secure cashless transactions at schools, canteens, and online retailers. The system enables young users to make purchases at Mastercard-affiliated merchants while fostering financial literacy through practical management experiences. The primary clientele consists of students aged 18 and under, alongside their parents, primarily in Turkey but also expanding into other regions.Manibux generates revenue through a transactional model that involves in-app interactions for pocket money management. Parents can securely send funds to their children's Manibux accounts, creating a steady flow of transactions. Additional revenue may come from partnerships with educational institutions that use the Manibux system, alongside card transaction fees and partnerships with retailers offering discounts to users.Following the recent Seed funding of TRY 2 million in October 2021, Manibux plans to develop new products designed for enhanced financial education and management for its young users. The company aims to expand its reach into new markets beyond Turkey, targeting regions in Europe and the Middle East by the end of 2023. The funding will support the development and marketing of these new offerings and facilitate entry into these new geographical markets.

## Funding rounds

- Seed, Oct 9, 2021, $0.2M — APY Ventures

## Investors

- APY Ventures (https://capitalatlas.ai/funds/apy-ventures) — Seed