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."