Pennyowl

wealthtech-retailpersonal finance management

FOUNDING YEAR: 2012
LOCATION: United States
Last Update: 01/05/2020

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About

PennyOwl is money management app that allows young children to manage money and develop financial skills, while providing parents/guardians with control and transparency. PennyOwl creates a suite of tools that help parents start the money conversation with their children. Kids have a safe space to get real-world experience with saving and spending money and that helps to develop good financial habits.It provides online store within the app where they can buy games, books, and toys that are all age-appropriate.

Focus

PRODUCTS & SERVICES

Money management app- Allowance management , decision making and financial skills awareness The app helps children to learn good financial habits for their future.

REVENUE MODEL

Company offers free services for basic version. Planning to launch premimum based services to the users.

MAIN CLIENTS

Retail childrens & parents

COMMENT

PennyOwl's allowance tracker enables parents to set an allowance for their kids and pay it weekly, kids can track what they've earned and shop for curated items from the virtual storefront. In the settings, parents can restrict the age-range maturity for the store items that kids see.

Traction

VALUATION / MARKET CAP:

$8.67 M in 2015

People

FOUNDERS

Seamus Matthews

BOARD MEMBERS AND ADVISORS

Michael Scharff

NUMBER OF EMPLOYEES

1-10

INVESTORS:

Enterprise Ireland

Richard Fontaine

Silicon Valley Bank

Momentum

FUNDED

YES

TOTAL FUNDING

$1.3 M

DATE OF LAST FUNDING

May 2015

SEED & PRIOR FUNDING

$1.3 M

SEED CLOSED ON

Jun 2015

LISTED

NO

Innovation Programs

BASICS

FOUNDING YEAR:

2012

LOCATION:

United States

Views:

99 VISITORS | 209 VIEWS
LATEST FUNDING ROUND

$1.3 M

TOTAL EMPLOYEES
1-10

About

PennyOwl is money management app that allows young children to manage money and develop financial skills, while providing parents/guardians with control and transparency. PennyOwl creates a suite of tools that help parents start the money conversation with their children. Kids have a safe space to get real-world experience with saving and spending money and that helps to develop good financial habits.It provides online store within the app where they can buy games, books, and toys that are all age-appropriate.

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Focus+
Momentum+
Traction+
People+
Other+

Innovation Programs

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