Marks one of the first-ever integrations of digital wallets into UTMAs/custodial accounts
UNest, the money app that allows parents to invest and save for their kids’ future, announced an integration with PayPal. The collaboration will make it significantly easier for UNest members to fund their children’s investment and savings accounts, furthering both companies’ mission to democratize access to simple, affordable solutions that help families take control of their financial lives.
“PayPal shares our vision of helping parents set their children up for financial success. We are thrilled to be collaborating with PayPal to help families, regardless of income or background, invest and save for their kids’ future.”
The integration between PayPal and UNest represents a significant step forward in fintech by offering expanded funding options for a UNest Investment Account for Kids. Parents and families can now use PayPal, in addition to traditional bank accounts, to grow their children’s nest egg.
“The integration of PayPal offers UNest customers more choice and a fast, simple way to contribute to their kid’s saving and investment account,” said Ksenia Yudina, CFA, Founder & CEO of UNest. “PayPal shares our vision of helping parents set their children up for financial success. We are thrilled to be collaborating with PayPal to help families, regardless of income or background, invest and save for their kids’ future.”
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The collaboration demonstrates UNest and PayPal’s commitment to giving all families access to practical and forward-looking financial resources. The new feature is a breakthrough for parents on the UNest platform who are looking for alternative ways to fund their children’s accounts.
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