Spriggy provides a mobile platform that lets parents instantly allocate pocket money to a prepaid Visa card linked to their child’s account, enabling real‑time monitoring of spending, chore payments, and savings goals. Children can earn, save, and spend money using the card in‑store, online, or via Apple/Google Pay, while parents retain oversight through a dashboard. At age 13 the account upgrades to a full bank account with its own BSB, ATM access, and peer‑to‑peer payments, supporting a gradual transition to financial independence.
Funding
$10M 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
Parents often struggle to give children pocket money in a way that is convenient, trackable, and educational, leading to missed opportunities for teaching budgeting, saving, and responsible spending.
Solution
Spriggy offers a mobile platform that lets parents allocate pocket money instantly to a prepaid Visa card linked to their child’s account. The app provides real‑time transaction visibility, allowing parents to monitor spending, set chore payments, and define savings goals. Children can earn money by completing assigned jobs, save toward personalized goals, and spend using the card in‑store, online, or via Apple/Google Pay. As kids approach age 13, the account transitions to a full bank account with its own BSB, ATM access, and peer‑to‑peer payments, supporting a gradual move toward financial independence while keeping parental oversight.
Target Audience
Primary customers are parents of children aged 2–12 who want a controlled, educational pocket‑money solution, and later teens transitioning to independent banking.
Features
- Prepaid Visa card issued in the child’s name, usable for in‑store, online, and mobile wallet purchases
- Parental dashboard to top‑up accounts, assign paid or unpaid chores, and set spending limits
- Real‑time transaction notifications and detailed spend analytics for both parents and kids
- Savings goals feature that visualizes progress toward desired purchases
- Automatic upgrade to a full bank account with BSB, ATM access, and instant peer payments at age 13
- Mobile app available on iOS and Android for on‑the‑go management