Penny Finance
Your personalized financial mentor, for every stage of life.
Boston, United States · Founded 2023 · $1.0M raised
- Headquarters
- Boston, Massachusetts
- Employees
- 1–10
- Founded
- 2023
- Business Model
- SaaS
- Website
- penny-finance.com
- Total Funding
- $1.0M
- Last Round
- $1.0M SeedOct 2024
- Rounds
- 2
About
Penny Finance is a personalized digital financial planning platform designed for women and everyday Americans. The platform guides users through major life financial milestones — including debt repayment, investing, home buying, retirement planning, and tax strategy — through an interactive, jargon-free experience. Users answer questions about their financial goals and link accounts to receive a personalized financial plan and net worth projections. Penny also offers a B2B2C model for financial institutions, providing white-labeled financial wellness tools to credit unions and banks. The company won Best of Show at FinovateSpring 2025 and was acquired by Array in February 2026.
Summary
Penny Finance is a Fintech company based in Boston, United States, founded in 2023. It has raised $1.0M in total across 2 rounds, most recently a $1.0M Seed round in Oct 2024. Investors include Pivotal Group, Kapor Capital and Techstars.
Tech & App Stack
7 technologies & apps tracked
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Funding History
Oct 2024
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Pre-Seed through Seed — per-round amounts, valuations, and who invested in each round.
Investors
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