What is Penny App?
Penny was a personal finance application designed to empower users in tracking their income and expenditures. The app distinguished itself by offering engaging financial insights through conversational interactions, effectively making financial information accessible and enjoyable. Its core mission was to simplify personal finance management for a broad user base.
How much funding has Penny App raised?
Penny App has raised a total of $1.2M across 1 funding round:
Angel/Seed
$1.2M
Angel/Seed (2016): $1.2M with participation from Social Capital
Key Investors in Penny App
Social Capital
Social Capital is a venture capital firm focused on advancing humanity by solving complex global problems, often by investing in and empowering entrepreneurs who aim to improve lives.
What's next for Penny App?
Following its acquisition by Credit Karma, the innovative spirit and financial guidance ethos of Penny App have been integrated into Credit Karma's expansive platform. This strategic move allows Credit Karma to leverage Penny's user-centric approach to financial advice, further enhancing its offering to its 80 million users who benefit from free credit score access and a comprehensive suite of financial services. The integration signifies a continued commitment to providing accessible and valuable financial tools.
See full Penny App company page
