Greenlight, the fintech app for kids, wants to teach parents how to invest
Start-up Greenlight is releasing an investing platform to teach parents how to research stocks and ETFs and comes at no extra cost to subscribers of its fintech app for kids, CNBC has learned.
Users of the service have to fill out a survey on their investing time frame and risk tolerance to get ETF recommendations.
Unlike other free-trading platforms including Robinhood, the company will not earn revenue from payment for order flow, the industry practice where brokerages are paid to route customer orders, the CEO said.