UNest Integrates PayPal to Simplify How Parents Fund Kids’ Savings and Investment Accounts

-- 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, today 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.

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.”

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.

About UNest

UNest is democratizing access to smart financial solutions for all families. Since launching its app and investment account in February of 2020, UNest is one of the fastest growing fintechs, helping thousands of families give their children a financial head-start and road map. Opening a UNest Investment Account for Kids requires no paperwork, and takes just five minutes to set up through its award-winning app. The North Hollywood company is backed by leading investors including Anthos Capital, Draper Dragon, The Artemis Fund, Northwestern Mutual Future Ventures, NBA All Star Baron Davis, and Band of Angels. UNest is an SEC-registered investment advisor. For more information, please visit: www.unest.co.

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