About Modak Makers
Modak Makers is a Financial Services company based in Menlo Park (United States) founded in 2022 by Madhu Y and Madhu Yalamarthi. App-based platform providing financial literacy, community, financial products, and credit score for teens. Modak Makers has raised $5.3 million across 1 funding round from investors including GGV Capital, MAYA Capital and Monashees. Its chief executive, as recorded, is Madhu Y. Its website modakmakers.com draws about 155 thousand monthly visits. Modak Makers offers products and services including Modak App and Modak Visa Debit Card. Its focus areas include FinTech, Payments, Consumer Payments and Payment Cards. Its legal entity is Modak Communities Operating Holdings Inc. Its competitors include Greenlight, gohenry and Jassby; 3 of its 3 listed competitors have raised funding.
Company details
Modak was founded in 2022 in Menlo Park, United States, as a fintech platform focused on teens. Financial literacy, community features, credit scores, and products like teen cards and expense trackers are provided through an app. Gamified learning tools are integrated, and finance is combined with blockchain technology to support teen financial management. Operations center on educational and accessible financial services in the U.S.
- Total Equity Funding$5.3M (USD)
in 1 rounds
- Latest Funding Round$5.3M (USD), Seed
Jun 2022
- InvestorsGGV Capital
& 4 more
Products & Services of Modak Makers
Modak Makers offers a comprehensive portfolio of products and services, including Modak App and Modak Visa Debit Card.
App for kids to manage chores, allowances, and savings goals securely.
Card for kids to spend money and learn financial habits with parental oversight.
Apps and channels of Modak Makers
its YouTube channel Modak Makers has 223 subscribers and 15 videos.
Videos from Modak Makers
The most watched videos on Modak Makers's YouTube channel, Modak Makers (223 subscribers). Click a video to play it here.
More on Modak Makers.
Funding Insights of Modak Makers
Modak Makers has successfully raised a total of $5.3M through 1 strategic funding round. The most recent funding activity was a Seed round of $5.3 million completed in June 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $5.3M
- Total Rounds 1
- Last Round Seed — $5.3M
- First Round $5.3M
(Jun 2022)
- Investors Count 5
All 1 funding rounds of Modak Makers with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2022 | $5.3M | Seed | – | GGV Capital |
5 investors in total: 5 institutional.
Investors in Modak Makers
Modak Makers has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include GGV Capital, MAYA Capital and Monashees.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital is invested in cybersecurity, fintech, and AI startups. | ggvc.com | Menlo Park, United States | ||
MAYA Capital is focused on early-stage investments in Latin America. | maya.capital | |||
Sectors like ad tech, food tech, logistics, services are targeted. | monashees.com | Sao Paulo, Brazil | ||
Early-stage venture capital is invested in Brazilian startups. | onevc.vc | Sao Paulo, Brazil | ||
Venture capital firm focused on empowering Latin American founders. | nazca.vc | Coral Gables, United States |
Investor details for Modak Makers
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People of Modak Makers
17 people are tracked at Modak Makers (5 in leadership, 12 in team).
| Name | Role | Group |
|---|---|---|
Madhu Y | Co-Founder & CEO | Leadership |
Madhu Yalamarthi | Co-Founder & CEO | Leadership |
Daniela Valbuena | People Lead & Talent Partner | Leadership |
Henry Canastero | Director Of Engineering (founding Team) | Leadership |
Tatiana Posse Ramirez | Head Of Compliance | Leadership |
Leandro Serema | It Security And Compliance Lead Engineer | Team |
Alejandro Imperatori | Sr Backend Engineer | Team |
Lucio Trucco | Senior Mobile Engineer | Team |
Giuliana Rodríguez Aramayo | Growth Analyst | Team |
Andrés Herrera | Site Reliability Engineer | Team |
Juan Jose Suarez | Software Engineer | Team |
Lucas Jonatan Vargas | Software Engineer | Team |
Matías Sebastián Cuestas | Software Engineer | Team |
Mesi Rendón | Tech Lead Engineer | Team |
Henry Canasteros | Engineering Lead | Team |
Nicholas Maskrey | Growth Lead (founding Team) | Team |
Maximiliano Guerrini | Technical Leader | Team |
Complete people profiles for Modak Makers
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Modak Makers
2 dated milestones of Modak Makers, from founding to its latest funding, stage changes and deals.
- Founded Modak Makers is founded.
- Funding First funding round of $5.3M.
Competitors of Modak Makers
Modak Makers has 3 listed competitors in our database, 3 of them funded. They include Greenlight, gohenry and Jassby.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| greenlight.com | 2014 | Atlanta, United States | $556.5M | 210 | App-based investment platform for kids and teens is operated. | |
| gohenry.com | 2012 | New York, United States | $111.16M | 139 | Prepaid cards for children with parental spending controls are provided. | |
| jassby.com | 2017 | Waltham, United States | $7.92M | 19 | Budget management platform for kids |
Detailed competitors of Modak Makers
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Web traffic of Modak Makers
The website of Modak Makers (modakmakers.com) receives about 155K visits a month.
- Monthly visits155K
▲ 8.2% vs previous month
Websites whose visitors overlap most with Modak Makers. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| step.com | 100% | 250.8K | #166,271 | View details | |
| acorns.com | 91% | 2.8M | #18,219 | View details | |
| mocafi.com | 89% | 3.6K | #4,273,618 | View details | |
| tillfinancial.com | 81% | 28.1K | #1,088,808 | View details | |
| greenlight.com | 61% | 1.6M | #32,348 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for Modak Makers
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- 6 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Modak Makers (Payments & Remittance Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | 16,622 | ||
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | 6,209 |
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Related news about Modak Makers
Complete news archive for Modak Makers
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Frequently Asked Questions about Modak Makers
Modak Makers was founded in 2022.
Modak Makers is headquartered in Menlo Park, United States. It is registered at Menlo Park, California, United States.
Madhu Y is the CEO of Modak Makers, as recorded in our data. They have also founded this company.
Modak Makers is a funded company, having raised a total of $5.3M across 1 funding round to date. The company's 1st funding round was a Seed of $5.3M, raised on Jun 2022.
Modak was founded in 2022 in Menlo Park, United States, as a fintech platform focused on teens. Financial literacy, community features, credit scores, and products like teen cards and expense trackers are provided through an app. Gamified learning tools are integrated, and finance is combined with blockchain technology to support teen financial management. Operations center on educational and accessible financial services in the U.S.
Modak Makers's top competitors include Greenlight, gohenry and Jassby.
Modak Makers offers Modak App and Modak Visa Debit Card.
Modak Makers has 5 investors. Key investors include GGV Capital, MAYA Capital, Monashees, Onevc, and Nazca.
Modak Makers operates through Modak Communities Operating Holdings Inc..
The website of Modak Makers receives about 155 thousand visits a month.