How much funding has Penny Finance raised?

Penny Finance has raised $1.0M in total funding, most recently a Seed round.

Who are Penny Finance's investors?

Penny Finance's investors include Pivotal Group, Kapor Capital, Techstars.

When was Penny Finance founded?

Penny Finance was founded in 2023.

Where is Penny Finance headquartered?

Penny Finance is headquartered in Boston, Massachusetts, United States.

What industry is Penny Finance in?

Penny Finance operates in Fintech.

How many employees does Penny Finance have?

Penny Finance has 1-10 employees.

Penny Finance

Your personalized financial mentor, for every stage of life.

Boston, United States · Founded 2023 · $1.0M raised

Fintech

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.