PrizePool
Curated by SignalRetail challenger bank offering savings accounts and cash prizes.
Overview
PrizePool operates as a retail challenger bank that offers a savings platform integrating traditional savings accounts with opportunities to win cash prizes. The company targets individuals who are looking for higher interest rates compared to conventional savings options. PrizePool provides a savings account with a minimum interest rate and the chance to win cash prizes through weekly drawings. The platform aims to address financial challenges, particularly the lack of savings for emergencies, faced by many Americans. PrizePool utilizes a mobile app and collaborates with Evolve Bank & Trust for its banking services. The platform includes features such as referral bonuses, no monthly fees, and FDIC insurance coverage.
Key facts
- Founded
- 2019
- Headquarters
- Menlo Park, United States
- Stage
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- Industry
- Financial Technology
- Sector
- Digital Banks
Business model
- GTM channel
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Contact
- Primary office
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