Percapita is a digital financial services platform that provides users with tools to manage their everyday finances, including budgeting, bill payments, and savings through features like Needs and Goals Accounts. The platform addresses the lack of accessible financial wellness resources by offering a no-fee structure and a user-friendly interface, enabling individuals to achieve their financial goals with confidence.
Funding
$29.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many individuals lack access to user-friendly and affordable tools for managing their everyday finances, making it difficult to budget effectively, pay bills on time, and achieve their savings goals. Traditional financial institutions often impose fees and minimum balance requirements that create barriers for those seeking to improve their financial well-being.
Solution
Percapita is a digital financial services platform designed to simplify everyday money management and promote financial wellness. The platform provides access to a suite of tools, including budgeting features, bill payment services, and savings accounts tailored to specific needs and goals. Percapita aims to remove financial barriers by offering a no-fee structure, a user-friendly interface, and features like Penny Jar for automated savings and Cash Cushion for overdraft protection (eligibility required). Users can manage their finances, track progress toward their goals, and access resources to enhance their financial literacy, all within a secure mobile app.
Target Audience
Percapita targets individuals seeking accessible and cost-effective tools to manage their finances, particularly those who may be underserved by traditional financial institutions.
Features
- Percapita Cash Account with no monthly fees, no overdraft fees, and no minimum balance requirements
- Percapita Visa Debit Card for convenient spending and access to over 40,000 fee-free ATMs
- Needs Account for setting aside money for monthly expenses
- Goals Account for saving towards long-term objectives
- Penny Jar feature that rounds up purchases and automatically transfers the difference to a savings account
- Cash Cushion, providing overdraft protection up to $25 (eligibility required)
- Bill Pay for one-time or recurring online payments
- Percapita Plays, an interactive game for building financial knowledge
- Percapita Pay, offering early access to unpaid wages for employees whose employers offer the feature (fees apply)
- International Transfer service for sending money abroad