Company Information

Get to know Pennybox

Pennybox was a fintech company that developed a mobile application aimed at improving financial literacy among children and teenagers. The app provided a platform for parents to set tasks and chores, which kids could complete to earn an allowance. It allowed children to track their earnings, set savings goals for items they wished to purchase, and learn the fundamentals of money management in a practical, hands-on way. The company's mission was to make financial education accessible and engaging for families. As of late 2023, the Pennybox application has been officially retired, and it is no longer available on app stores. The official website states they "will be back with something new soon."

Industry

Technology Software DevelopmentPRIMARY
Financial Banking
Financial Other Service

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Pennybox

N/A

Founded in

11月 2015 (10 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Others

--/10

Reviews

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

Security Information :

Company hasn't provided information.

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.