Access to digital money has outpaced understanding of it. Velo addresses that gap, starting in Fiji.
The Vuvale Card is one card for the family. Children use it to learn how money works, earning, saving, spending, and sharing, with a parent managing alongside.
Children learn inside Kaji's, the learning environment built into the card.
Parents stay in control. Parents set spending limits, view all transactions, and approve activity.
UNCDF found that while 86% of Fijians hold a payment card and 78% use a digital wallet, the average adult scores about half on basic financial skills, and many cannot identify a common online scam. Financial education has not kept pace with financial technology.
Velo's vision is to close that gap from childhood, teaching financial skills as kids grow.
Source: UNCDF, Assessing Digital and Financial Literacy in Fiji (2023)We still teach money the way we did decades ago, on paper, in classrooms. But that is not where money lives anymore. It lives on a screen. It moves with a tap. A child today can pass a test on money and still have no idea how it works in the world they are actually growing up in.
That gap, between how we teach money and how our kids live it, is what I built Velo to close. Not another lesson. A way for children to learn money by living it, safely, with their family beside them. It started here, in Fiji, because this is home. And because the next generation deserves better than we got.
Alex Grey, Co-founder & CEO
Draft, pending founder approval