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Vircle Founder Gokula Krishnan (C) with KMP\u2019s Yarham Yunus (L) and Gobi Co-founder Thomas G. Tsao<\/p>\n
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Vircle fosters financial literacy in children, offering spending controls and education for responsible money management<\/p>\n
Today\u2019s children grow up with easy access to money. Most don\u2019t understand the value of money, and they often overspend on their credit cards but fail to pay it off. The proliferation of BNPL (buy-now-pay-later) players has further encouraged spending, eventually landing children and their parents in debt traps.<\/p>\n
Malaysian entrepreneur Gokula Krishnan Subramaniam wanted to find a way out of this problem and educate parents and their children about the importance of money management.<\/p>\n
In 2019, he launched Vircle \u2014 short for \u2018visible circle\u2019 \u2014 with the mission of helping parents raise money-smart kids by teaching them how to earn, spend and save responsibly.<\/p>\n
A neo-banking app, Vircle instils lifelong money habits among young children by empowering parents to oversee and manage their children\u2019s expenses in and out of school.<\/p>\n
\u201cVircle is Malaysia\u2019s first family finance and neobanking app that allows parents to set up one family account to manage all kids with a common shared family balance,\u201d he claims.<\/p>\n