About Spriggy
Spriggy is a company based in Sydney (Australia) founded in 2015 by Alex Badran.. Spriggy has raised $59.27 million across 5 funding rounds from investors including Perennial Partners, Grok Ventures and NAB Ventures. Spriggy offers products and services including Spriggy App, Prepaid Visa Card, and Spriggy Mobile. Spriggy operates in a competitive market with competitors including Vasco Pay and Kit, among others.
- Headquarter Sydney, Australia
- Founders Alex Badran
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Rivva Pty Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$59.27 M (USD)
in 5 rounds
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Latest Funding Round
$10 M (USD), Series B
Jun 02, 2022
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Investors
Perennial Partners
& 5 more
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Employee Count
Employee Count
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Products & Services of Spriggy
Spriggy offers a comprehensive portfolio of products and services, including Spriggy App, Prepaid Visa Card, and Spriggy Mobile. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Mobile application for kids to manage pocket money and learn budgeting.
Secure prepaid card for safe spending and financial education for children.
Mobile plans designed for family use with safety features for kids.
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Funding Insights of Spriggy
Spriggy has successfully raised a total of $59.27M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $10 million completed in June 2022. 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.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series B — $10.0M
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First Round
First Round
(01 Jun 2015)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series B - Spriggy | Valuation |
investors |
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| Jul, 2021 | Amount | Series B - Spriggy | Valuation | NAB Ventures | |
| Jun, 2019 | Amount | Series A - Spriggy | Valuation | Grok Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Spriggy
Spriggy has secured backing from 6 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Perennial Partners, Grok Ventures and NAB Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-late stage tech-focused venture capital firm
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Australian growth-stage tech firms are invested in by Perle Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Spriggy
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Spriggy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Spriggy Comparisons
Competitors of Spriggy
Spriggy 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 Vasco Pay and Kit, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Prepaid card targeted for students
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| domain | founded_year | HQ Location |
Personalized prepaid cards for children are provided by Kit.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Spriggy
Frequently Asked Questions about Spriggy
When was Spriggy founded?
Spriggy was founded in 2015.
Where is Spriggy located?
Spriggy is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Is Spriggy a funded company?
Spriggy is a funded company, having raised a total of $59.27M across 5 funding rounds to date. The company's 1st funding round was a Series A of $12M, raised on Jun 01, 2015.
What does Spriggy do?
Spriggy was founded in 2015 in Sydney, Australia, as an expense management solution targeted at teenagers within the fintech sector. Services are delivered through a prepaid card and mobile application, enabling parents and young users to allocate funds, add money to cards, and set savings goals. The card supports transactions at online and offline stores, with the app developed in partnership with The Parent Wallets for collaborative money management.
What products or services does Spriggy offer?
Spriggy offers Spriggy App, Prepaid Visa Card, and Spriggy Mobile.
Who are Spriggy's investors?
Spriggy has 6 investors. Key investors include Perennial Partners, Grok Ventures, NAB Ventures, Perle Ventures, and Alium Capital Management.