Penny offers a chat-based interface that gives personalized finance advice via pre-populated messages rather than freeform natural language. The app surfaces insights like weekly food spending, month-to-month comparisons, and income graphs, and it has added behavioral tools such as evaluating gym membership value and comparing Amazon spending to peers. Penny currently ships as an iOS and Android mobile app and has considered third-party platforms like Facebook Messenger but does not yet see a clear value proposition for them. The startup emphasizes machine learning as a core capability for its bot and plans to deepen that expertise. Financially, Penny has no current monetization components. The company raised seed funding to support hiring and product experimentation.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

May 2016