PrizePool

PrizePool is a prize-linked savings app that offers users the chance to win real cash prizes by saving money. The company's mission is to incentivize Americans to build a better financial foundation, as research shows that many Americans struggle with savings. PrizePool differentiates itself from traditional savings accounts by offering a 0.30% Savings Bonus to all users and a higher 4.50% Savings Bonus to members who pay a monthly subscription. The app also features a debit card that allows users to access their savings and earn tickets for weekly drawings by making purchases.

PrizePool is based in the San Francisco Bay Area and was founded in 2019 by Frank Chien and Joe Woo. The company has received funding from venture capitalists and investors. PrizePool is currently in the process of being acquired and is no longer accepting new sign-ups. The company plans to close user accounts on September 23rd, 2024.

PrizePool offers a variety of benefits to its employees, including a competitive salary, comprehensive health insurance, and a generous 401(k) plan. Employees also have access to a company-sponsored gym, employee discounts on local businesses, and unlimited paid time off. PrizePool values its employees and strives to provide a positive work environment where they feel supported and appreciated.

PrizePool, a prize-linked savings app, aims to incentivize Americans to build a better financial foundation by making saving money fun and rewarding. They offer a unique approach to traditional savings accounts by allowing users to earn chances to win cash prizes based on their deposits and spending, while also guaranteeing a minimum annualized savings bonus. PrizePool is committed to providing a safe and secure platform for users to save and grow their money, while simultaneously offering the thrill of potential winnings.

PrizePool promotes a fun and collaborative culture, emphasizing innovation and customer-centricity. This is reflected in their mission to incentivize Americans to save more through a gamified approach, their emphasis on transparency and accessibility, and their dedication to building a positive user experience. Their team members are passionate about financial empowerment and strive to make saving and earning more accessible and enjoyable for everyone.