UNest raises $26M Series B to help parents save for their kids’ expenses –
Summary
It plans to use the proceeds to launch new features, including UNest Legacy, which will allow parents to buy individual stocks and cryptocurrencies in the accounts they manage for their children. UNest Legacy is expected to launch in the second quarter of next year in response to user demand for more control over their holdings and access to crypto in particular, CEO and founder Ksenia Yudina told TechCrunch. UNest plans to partner with Franklin Templeton to introduce ESG portfolios to its users early next year, Yudina said. She was motivated to build a solution that would help families save to prevent taking on excessive debt, like she herself did to fund her own education. Yudina said the main hurdle for many parents to effectively save for their children’s expenses is a lack of awareness and financial literacy regarding the solutions available to them.
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