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Evan Leaphart

3 mins read

Kiddie Kredit, The App Promoting Financial Responsibility, One Kid at a Time

Kiddie Kredit is a mobile app designed to educate children on the credit system by completing chores.

The free app gives kids points for completing chores around the house. After meeting a goal, they are rewarded with both monetary and non-monetary prizes from their parents.

We caught up with founder and CEO, Evan Leaphart, to learn more about the company.

kiddie kredit
Evan Leaphart, founder and CEO of Kiddie Kredit

What inspired you to start Kiddie Kredit?

I was inspired to start Kiddie Kredit because I realized that the moment I turned 18, I hopped on the opportunity to get a credit card, over-leveraged my situation, and fell into early debt because of poor financial decisions.

I saw how much this decision negatively affected my credit and hindered my ability to gain access to capital over the next few years. I had a moment of clarity where I realized that although my score was low due to bad choices, I was unaware of how credit worked in the first place. I wanted to create something at scale that could change this for the generation after me.

What are some ways that financial literacy at a young age can benefit a child in adulthood?

If a child learns to spend within their means and save, they will be creating solid foundational habits that will make managing a credit card easier as they enter adulthood.

They will be less likely to have high utilization on their credit cards which will, in turn, lead to better credit scores which will ultimately lead to lower interest rates on a mortgage and/or auto loan.

Where do you see Kiddie Kredit 5 years from now?

I see us providing as many children as possible with a responsible path to their first credit card. We also have a couple of (confidential) things in the works that we are excited about.

What advice do you have for aspiring entrepreneurs?

Keep going! It is literally that simple. When people see how long you have been pursuing your passion despite all of the naysayers along the way, it won’t matter as much about where your product/service is at.

They will begin to believe more in YOU and your ability to execute. If an investor knows that you won’t let this dream die they are more inclined to believe you won’t let their investment die either. So I simply say…. KEEP GOING!!!

Tony O. Lawson


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