Copper Banking has completed a Series Seed financing round totaling $13.3 million from new investors including Clocktower Ventures, Index Ventures Scout Fund, Launchpad Capital, Financial Venture Studio, Maven Ventures, Fiat Ventures, Samsung Next and Arnold Ventures, as well as lead investor PSL Ventures.

Copper Banking provides an FDIC-backed digital bank account linked to 50,000 ATMs. Teens also get a personalized Copper debit card, P2P payments, direct deposit and automatic savings options. Parents can link their traditional bank accounts to Copper Banking cards to provide an automatic 'teen salary' allowance.