PrizePool

More than half of Americans do not have the savings to cover an emergency expense of $1000, living paycheck to paycheck with no reserve for ‘what if.’ However, a majority of Americans spend cash on the lottery every week in the hope of a big win. The actual odds of winning with the lottery and scratch cards are very low. Still, people in the United States spent more than $91 billion on lottery tickets in 2019, according to the North American Association of State and Provincial Lotteries.

PrizePool ups the game of today’s boring, low-growth, savings accounts. It gives customers a new, fun place to save — one where their money is their chance to win real cash prizes guaranteed to total $50,000 every month. PrizePool pays out a $25,000 Grand Prize each month, along with thousands of smaller prizes. Based on a model of prize-linked savings, PrizePool feeds the desire that people have ‘to play and win’ but does so as they save, at no cost or risk to customers.

PrizePool is based in the San Francisco Bay Area.