Company profile: Penny
1.1 - Company Overview
Company description
- Provider of a personal finance app that helps users track income and spending by accessing statement history with permission, using that information to manage finances and delivering chat-based updates on monthly performance and forecasts of where users will be next.
Products and services
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Key contacts
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Financial details
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1.2 - Competitors and similar companies to Penny
Impendi
HQ: United States
Website
- Description: Provider of procurement value capture solutions and analytics that transform data and strategic sourcing to help organizations find, get, and keep value from the supply chain. Offerings include a tailored Find-Get-Keep approach, AI-enabled procurement and spend analytics (30 customizable dashboards), savings program analytics, realized savings tracking, and contract compliance analytics to detect, forecast, and retain savings.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Unifimoney
HQ: United States
Website
- Description: Provider of a turnkey digital wealth management platform-as-a-service for community banks and credit unions, offering an integrated checking and investment account, a robo-advisor, trading in 70+ cryptocurrencies, 10K+ equities/ETFs, and precious metals, money market funds, curated investment themes, and a credit card with cashback redeemable as gold, bitcoin, or equity; embedded in Alkami, Q2, and Jack Henry Banno.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Unifimoney company profile →
Wealthsimple
HQ: Canada
Website
- Description: Provider of financial tools to help investors grow and manage their money, including professionally managed, diversified ETF portfolios tailored to goals; commission-free self-directed trading in stocks, ETFs, and over 60 cryptocurrencies; a high-interest chequing account with no monthly fees; a TFSA calculator; and low-fee RESP portfolios with automatic investment.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Wealthsimple company profile →
RobustWealth
HQ: United States
Website
- Description: Provider of a digital wealth management platform offering a full technology stack, investment services, and business automation for investment advisors and community banks.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full RobustWealth company profile →
Laser App
HQ: United States
Website
- Description: Provider of forms automation and management software for the securities and insurance industries, offering advisor-friendly e-forms solutions that combine state-of-the-art forms-filling technology with a massive library of industry-related forms. Products include Laser App Anywhere for mobile form filling, Laser App Enterprise for office e-forms management, and Custom Forms tailored for financial professionals.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Laser App company profile →
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for Penny
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Key Products: ████████, ████████, ████████, ████████
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Buyer group 2: ████████ ████████
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Key Products: ████████, ████████, ████████, ████████
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Buyer group 3: ████████ ████████
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Description: ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████
Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to Penny
2.2 - Growth funds investing in similar companies to Penny
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4 - Top valuation comps for Penny
4.2 - Public trading comparable groups for Penny
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