Spriggy

About

Spriggy provides a prepaid debit card and joint mobile banking app for Australian parents and 8–18-year-olds to manage allowances, supervise spending, encourage saving, access investing, education and school payments.

Mission

Spriggy builds a Pocket Money product and related payments, investing and educational features to help families raise financially healthy children. The company says it serves more than 500,000 members. It plans to expand beyond Pocket Money into deeper practical experiences for teaching money habits, ways for families to invest for kids’ futures, and a payments experience for schools. Spriggy says it will grow its team to build the products and features families are requesting. The company positions itself for a more digital future for young Australians and intends for its offering to scale as children mature into young adults. Spriggy’s website and messaging target Aussie families. Spriggy offers a prepaid debit card and a joint mobile banking app that parents and 8–18 year-old children use together to pay allowances, monitor transactions and encourage saving. The platform lets parents supervise spending while allowing young people to make their own financial decisions in a controlled environment. Spriggy is co-founded by Alex Badran and Mario Hasanakos and is based in Sydney, Australia. The company reported having 35,000 users at the time of the article. It raised $2.5M in funding to support product development and user growth. Spriggy plans to use the proceeds to continue developing the app, expand operations and drive user adoption.

Quick Facts