Malar Group, under the leadership of CEO Sayan Navaratnam, has made a strategic investment in Spendsafe, the pioneering fintech platform that is redefining how families teach children about money. This investment reinforces Malar Group’s commitment to backing mission-driven companies that drive social impact through transformative technology.
Spendsafe is Canada’s first and only Mastercard-backed financial literacy platform built specifically for youth, combining a secure reloadable card, AI-powered coaching, and dynamic parent-child financial tools. Designed for children and teens aged 6 to 18, Spendsafe turns everyday spending into real-world learning experiences, helping raise financially confident young adults.
“At Malar Group, we believe financial literacy is one of the most important skills a child can learn,” said Sayan Navaratnam, CEO of Malar Group. “Spendsafe is solving a generational challenge – bridging the gap between digital finance and real-world learning in a way that’s engaging, responsible, and scalable. We’re proud to support their growth.”
Led by founder and CEO Vasanth Ratna, Spendsafe launched nationwide in August 2025 and has quickly emerged as a trusted platform among Canadian families. The company recently announced a landmark partnership with Mastercard Inc., Berkeley Payments, and Peoples Group, enabling them to deliver a full-stack financial education solution backed by secure payment infrastructure and real-time coaching.
“Malar Group’s investment is a pivotal milestone in our journey,” said Vasanth Ratna, Founder and CEO of Spendsafe. “Sayan Navaratnam and his team bring deep operational expertise and a values-driven approach to scaling technology with purpose. This partnership will accelerate our mission to empower young people with the tools they need to thrive financially.”
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