Lootlock protects children from excessive spending on games and will be served in Techcrunch Disrupt 2025

Nick Pumba, founder Lootlock – The application that prevents children from running unauthorized games bills on credit cards for their parents – is a thirsty games and forms that work in Fintech.

As a two -year -old father, he looks forward to sharing his games with his children when they get old enough to play. He started games at the age of six, and told Techcrunch. Lootlock was chosen for Techcrunch’s 2025 Battlefield 200 It will be displayed in Techcrunch crashes27 to October 29 in San Francisco.

While he was wandering in games with other parents, or read the news simply, he continued to hear horror stories about the children who reside their parents Surprise credit card billsSometimes they are inadvertently running Thousands of dollars.

The game industry has a famous aspect of using “design tricks”, such as the Consumer Consumer Protection Office Described last year. They often target children, and tempt them to open the features of the game that do not have fees. Other agencies, such as FTC released Similar warnings.

“The game industry uses smart design, social engineering and tracking players to encourage children to spend more money while playing,” said Pumba. “I am a thirsty player, so I saw directly a strong shift to small transactions in the industry over the eight to nine years.”

Although FTC imposed two weeks earlier this year on money recovery 126 million dollars for people who have made claims, This is rare. Parents in general have nothing but payment.

Typical advice is to use parents at the level of parental controls at the level of the device that prevents purchases within the application. But Bomba said that many of his mother friends are fine while allowing children to spend a little money on these purchases, under the appropriate circumstances.

Note the story of the friend called Joe, who inspired Pumba to build Lootlock. Joe is my father for three children, all the thirsty players. Joe gives every child instead of every month, and children used money to buy games products, and prepare a ridiculous system as they handed them money instead and returned it to pay the credit card. He had to monitor their purchases closely.

Looklock automatically allows downloading a paid digital credit card in advance, issued by Lootlock, transcard partner, which children add to their digital devices wallet.

Parents can automate a specific amount of allowances to add it to the card, for example a week or monthly, and then they can make any part of this not immediately available. The child can open more because, for example, complete the household chores. Parents can agree to the card increases through a text message.

“We are giving parents the elements of superior granules on how to spend their children and when their children can spend,” Pumba said.

Lootlock is also homework, with an upcoming feature that will be available in October called “Bounty Boards”. Parents have prepared these panels, which are mainly the child’s business lists. When children complete them – clean their room, care for pets, etc. – they win a “bonus”. And when they strike any threshold of the rewards that make a group of parents, the application will open an additional allowance for spending.

There is also a financial education component. Children choose the Avatar while practicing good spending habits, such as checking the Lootlock dashboard that tells them their account balances, they earn points that add equipment for avatar: swords, shields, etc.

“We link all financial concepts in the concept of video games,” said Pumba.

Lootlock assets are also limited to spending only on game products and cannot be used in other online purchases. Therefore, parents should not closely monitor the types of elements that a child buys online. The idea, at the present time, is to focus on children’s education for responsible games.

The emerging company currently employs seven people and is fully defined.

If you want to learn directly from Lootlock, see dozens of additional stadiums, valuable workshops, and make contacts that pay business results, Go here to learn more about disrupting this yearIt was held 27 to October 29 in San Francisco.