• FOUNDING YEAR: 2012
    LOCATION:
    United States
    REGION:
    NY
    Last Update:
    18 Oct, 2019

Description

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:
Viewable by subscribers only
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.

PEOPLE

FOUNDERS:
Seamus Matthews
Board Members and Advisors:
Michael Scharff
NUMBER OF EMPLOYEES:
1-10
INVESTORS:
Enterprise Ireland, Richard Fontaine, Silicon Valley Bank

TRACTION

VALUATION / MARKET CAP:
$8.67 MM in 2015

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$1.3 Millions
DATE OF LAST FUNDING:
May 2015
SEED & PRIOR FUNDING:
$1.3 Millions
SEED CLOSED ON:
Jun 2015
LISTED:
NO

LATEST RESEARCH