Two little Indian founders develop an awesome payment app for parents

Californian kids Kieran Mann, 9, and Rohan Chopra, 10, impressed the crowd at the two-day TechCrunch Disrupt Hackathon competition in San Francisco with an awesome app. The duo managed to astound the crowd as they delivered a killer pitch for their app, Beanstocks. The app allows parents to coordinate allowances and payments for their kids that are attached to real bank accounts.

Beanstocks will have two versions — for parents and for children. The parent app allows mom or dad to set recurring payments for kids’ chores, such as cleaning their room and send them cash easily.

“Piggy banks are so last century,” mentions Mann as he takes centre stage to speak on his app. The two founders have in mind a situation, where kids engage with real-life banking practices from a very early age. Kids can also use the app to keep a complete track of their personal cash (pocket money) and learn to manage how they’re spending it around.

Chopra also states that connecting the app to an actual bank account also takes away the ‘lame’ excuses from parents who claim that they may not have cash on them to pay for doing the weekly chores. All they need to do is tap on a toggle button in the Beanstocks app and whatever amount of cash they have in mind is then transferred from their account to the child’s bank account automatically.

Mann and Chopra are both buddies at school who love building stuff and this is the first time they are participating in such an event. Presently, the two kids are not yet done with the app, but are highly excited with the potential of Beanstocks. The final version, when released, is worth a wait.

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