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 new, fun place to save -- one where their money is their chance to win real, cash prizes guaranteed to total $50,000 every month.
PrizePool, by automating and gamifying savings, the company not only benefits savers by making financially-sound decisions but also helps them stay actively engaged in their savings and financial goals.
PrizePool is backed by M13, Accomplice, Bling Capital, Coatue, World Innovation Labs, SciFi VC, and others. The company raised $10M in Series A round on June 02, 2021. This brings PrizePool's total funding to $14.3M to date.