User:OfficcialPrizePool/sandbox

PrizePool is one of America's first financial technology apps that incentivizes users to save by awarding free money. PrizePool's success lies in its unique, accessible approach to savings. PrizePool combines key principles from both high-yield savings accounts and prize-linked savings accounts making them able to provide users with a guaranteed 0.30% APY on their savings as well as weekly cash prizes, up to $10k--out-earning leading competitors by over 7x the national average.

All PrizePool deposits are held by Evolve Bank & Trust, Member FDIC, and are insured for up to $250,000. There is no cost to open a PrizePool account. There are no hidden fees and doesn' require a minimum balance to maintain.

PrizePool was founded in 2019 by CEO Frank Chien and CTO Joe Woo and is currently headquartered in San Fransisco, California. PrizePool has raised a total of $18.6M in funding over 2 rounds. Their latest funding was raised on May 2, 2021 from a Series A round. PrizePool is funded by 6 investors. Accomplice and Bling Capital are the most recent investors.