PrizePool is a fintech startup with a mission to incentivize Americans to build a better financial foundation.

PrizePool ups the game of today’s boring, low-growth, savings accounts.

PrizePool was founded in 2019 by Frank Chien and Joe Woo. The company is headquartered in San Mateo, California.


PrizePool gives customers a way to save and win real cash prizes guaranteed to total $50,000 every month. PrizePool pays out a $25,000 Grand Prize each month, along with thousands of smaller prizes. All deposits are FDIC insured, by Evolve Bank & Trust, and there are no fees and no minimums to participate.


PrizePool has raised $4.25M in a Seed funding round on Aug 27, 2020. Backers included Accomplice, Bling Capital, Coatue, SciFi VC, and World Innovation Lab, among others.



  • Year founded: 2019
  • Funding Info: $4.25M over 1 Round (Funding Type: Seed- Series Unknown)
  • Yearly Revenue: NA
  • Employee Size: 2-10
  • Business Valuation: NA
  • City/Town: San Mateo
  • State: California
  • Country: United States
Related businesses