PrizePool’s mission is to incentivize Americans to build a better financial foundation.
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. People in the United States spent more than $91 billion on lottery tickets in 2019.
PrizePool 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. 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. Come join us as we innovate around savings.
Last updated: June 29, 2021