About Penny
Penny is a company based in San Francisco (United States) founded in 2015 was acquired by Credit Karma in March 2018. It operates as a Freemium. Penny has raised $1.32 million across 2 funding rounds from investors including Credit Karma, Social Capital and Y Combinator. Penny offers products and services including Penny App. Penny operates in a competitive market with competitors including Cleo AI, Snoop, Talkbank, Yana and Olivia AI, among others.
- Headquarter San Francisco, United States
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Sectors
Technology
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Phone
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$1.32 M (USD)
in 2 rounds
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Latest Funding Round
$120 K (USD), Seed
Jun 01, 2017
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Investors
Credit Karma
& 2 more
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Employee Count
Not available
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Acquired by
Credit Karma
(Mar 15, 2018)
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Products & Services of Penny
Penny offers a comprehensive portfolio of products and services, including Penny App.
An app for tracking income and spending effectively.
Funding Insights of Penny
Penny has successfully raised a total of $1.32M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $120 thousand completed in June 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Penny
Penny has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Credit Karma, Social Capital and Y Combinator.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage startups are accelerated via funding and educational programs.
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US focused VC firm investing in seed & growth stage companies
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Credit score checking and comparison platform for financial products
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Locked | Locked | Locked |
Investor details for Penny
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by Penny
Investment portfolio details for Penny
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
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Financial Statements - Penny
Detailed financials for Penny
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
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Penny Comparisons
Peer comparison for Penny
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
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Competitors of Penny
Penny operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Cleo AI, Snoop, Talkbank, Yana and Olivia AI, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud and AI-based chatbots for personal finance management are offered.
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Expense management for individuals is enabled via a mobile app.
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Provider of a virtual chatbot for finance and commerce
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| Locked | Locked | Locked |
Concierge services are delivered via WhatsApp for orders and bookings.
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Personal finances are managed and optimized by AI-driven insights.
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Detailed competitors of Penny
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
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Latest news on Penny
Complete news archive for Penny
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Frequently Asked Questions about Penny
Penny was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Penny is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Penny is a funded company, having raised a total of $1.32M across 2 funding rounds to date.
A personal finance application was developed by Penny to assist users in tracking their income and spending. The app was designed to provide friendly and helpful financial advice through interactive chats. Operating in the financial technology sector, it aimed to simplify personal finance management for its users. The app is no longer available as it was acquired by Credit Karma, where its mission continues.
Penny offers Penny App.
Penny has 3 investors. Key investors include Credit Karma, Social Capital, and Y Combinator.