Muvin

muvin was an India-based, teen-centric pocket money app that let 10-24 year-olds manage money digitally through a mobile wallet, a physical RuPay-powered prepaid card, and an NFC contactless keychain, while parents transferred allowance directly into a child's wallet for online and offline spending. Co-founded in 2020 by Mukund Rao and Vineet Gupta, both Mindtree veterans, muvin raised about $4.5 million from investors including WaterBridge Ventures and Alteria Capital, layered in financial-literacy content curated with author Monika Halan, and signed cricketer Hardik Pandya as brand ambassador before shutting down operations in February 2024 after an RBI directive barred UPI co-branding arrangements.