About PrizePool
PrizePool is a company based in Menlo Park (United States) founded in 2019 by Joseph Woo. PrizePool has raised $18.62 million across 2 funding rounds from investors including M13 Company, Accomplice and Bling Capital. The company has 2 employees as of December 31, 2024. PrizePool offers products and services including PrizePool Banking App. PrizePool operates in a competitive market with competitors including Chime, Stash, Dave, Albert and Umba, among others.
- Headquarter Menlo Park, United States
- Employees 2 as on 31 Dec, 2024
- Founders Joseph Woo
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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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
$18.62 M (USD)
in 2 rounds
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Latest Funding Round
$14.32 M (USD), Series A
Apr 26, 2021
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Investors
M13 Company
& 5 more
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Employee Count
2
as on Dec 31, 2024
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Products & Services of PrizePool
PrizePool offers a comprehensive portfolio of products and services, including PrizePool Banking App.
Platform for banking services with integrated cash prize rewards.
People of PrizePool
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Software Development Team
3 people
Leadership Team
1 people
CTO Team
1 people
Legal and Compliance
1 people
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Funding Insights of PrizePool
PrizePool has successfully raised a total of $18.62M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $14.32 million completed in April 2021. 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 PrizePool
PrizePool has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include M13 Company, Accomplice and Bling Capital.
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Multiple sectors are invested in by M13 venture capital fund.
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Accomplice is engaged in venture capital investments for startups.
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Seed funding and product council are provided for early-stage companies.
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Investor details for PrizePool
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by PrizePool
Investment portfolio details for PrizePool
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
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Financial Statements - PrizePool
Detailed financials for PrizePool
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
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Prizepool Comparisons
Peer comparison for PrizePool
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
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Competitors of PrizePool
PrizePool 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 Chime, Stash, Dave, Albert and Umba, among others.
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Digital banking services are offered to individuals via mobile apps.
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Automated investment and robo-advisory services are offered to individuals.
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Digital banking services are provided for easier financial management.
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Digital banking app is offered for savings, investing, and budgeting.
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Digital banking solutions are offered to individuals through mobile apps.
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Digital banking services for consumers are offered via mobile app.
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Detailed competitors of PrizePool
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
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- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Prizepool
Complete news archive for PrizePool
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about PrizePool
PrizePool was founded in 2019 and raised its 1st funding round 1 year after it was founded.
PrizePool is headquartered in Menlo Park, United States. It is registered at Menlo Park, California, United States.
PrizePool is a funded company, having raised a total of $18.62M across 2 funding rounds to date.
As of Dec 31, 2024, the latest employee count at PrizePool is 2.
PrizePool was founded in 2019 in Menlo Park, United States, as a digital bank serving individuals. Operations focus on fintech solutions, with savings accounts, prepaid cards for online and offline use, bill payments, and money transfers included among the services. Interest is applied to deposits, while periodic rewards, bonuses, and referral earnings are offered. The platform operates via the domain getprizepool.com.
PrizePool offers PrizePool Banking App.
PrizePool has 6 investors. Key investors include M13 Company, Accomplice, Bling Capital, Coatue, and World Innovation Lab.